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The dollar hit one-week lows against the euro and yen after data showed US private hiring cooled in September. Investors cited signs that the Sino-US trade dispute was weighing on the US economy, and the US won approval for tariffs on European goods.
A weaker dollar on slowing US growth and trade frictions can modestly support dollar-denominated commodity prices, but the move was small.
thehindubusinessline.comReutersOct 3, 2019After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
