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The dollar rose 0.5% against the yen to 108.48 after the US and China agreed to restart trade talks, with Trump offering concessions on new tariffs and restrictions on Huawei. The dollar also gained 0.3% against the Swiss franc.
A firmer dollar makes US feed grains, meal and DDGS pricier for overseas buyers and can weigh on dollar-denominated commodity prices. Easing trade tensions reduce the risk premium behind the currency move.
devdiscourse.comReutersJun 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.
