Loading…
The dollar rose against major peers on Tuesday as investors awaited new catalysts after EU parliamentary elections showed a polarised bloc. The euro slipped 0.1% to $1.1182 after bouncing from a 1.5-week high, and the dollar index rose 0.2% to 97.804, about 0.6% below a two-year high.
Trump's pressure on Japan over its trade surplus also kept the yen in a holding pattern.
A firmer dollar makes US commodity exports like soybeans and corn less competitive abroad and tends to weigh on dollar-denominated grain prices, though the move was small.
thehindubusinessline.comReutersMay 28, 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.
After 533 past bearish macro events, Euro (USD per EUR) moved a median -0.3% over 5 sessions (33% higher; middle half -1.2% to +0.2%), and -0.5% 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.
