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The yen held near a three-week low ahead of a Bank of Japan meeting, as pared expectations for aggressive Federal Reserve cuts supported the dollar. The dollar traded near a two-month high against a basket of currencies, and the pound fell to a 28-month low on Brexit worries.
A firmer dollar and weaker major currencies shift export competitiveness and can pressure dollar-denominated grain and oilseed prices, though the effect on feed prices is modest.
malaymail.comJul 30, 2019After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
Not enough comparable past events yet for a historical read.
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.
