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Nomura commentary describes risk-off trading after US-China trade concerns and weak manufacturing data pushed US Treasury yields to multi-year lows. It also notes the Fed minutes signaled patience on rates and that the yield curve inverted.
Risk aversion and lower yields tend to strengthen the dollar and weaken commodities, though this is a general market-wide effect rather than a feed-specific shock.
ainsliebullion.com.auAinslie BullionMay 24, 2019After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% 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.
