Loading…
Metals gained as markets priced in possible interest rate cuts. The same bulletin reports that Cyclone Kenneth devastated villages in northern Mozambique a month after Cyclone Idai.
Rate-cut speculation weakens the dollar and supports commodity prices, which is a broad macro effect. The Mozambique storm affects a regional food supply but is unlikely to move world feed prices.
proactiveinvestors.com.auProactiveApr 29, 2019After 4,478 past macro events, US Dollar (Broad) moved a median +0.0% over 5 sessions (51% higher; middle half -0.4% to +0.5%), 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.
