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The dollar fell against the euro and yen after ISM data showed US factory activity contracted to 47.8 in September, the weakest since June 2009. Construction spending also barely rose in August.
A weaker dollar and softer US manufacturing outlook point to slower US demand and trade-tension effects; a weaker dollar generally supports dollar-priced commodities, though the impact on feed grains is modest.
cnbc.comReutersSep 30, 2019After 1,637 past bearish macro events, DXY 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.
