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The dollar rose to a nine-month high against the yen after US second-quarter GDP grew 4.2%, the fastest pace in nearly four years. Durable goods orders also rose 4.5% in August.
The data supported expectations of steady Federal Reserve rate increases, and a trade-talk agreement with Japan protected Japanese automakers from new tariffs.
A stronger dollar on higher US rates generally pressures dollar-priced commodities and makes US feed exports less competitive abroad. The effect on feed prices is modest in this single session.
koreajoongangdaily.comSep 28, 2018Not enough comparable past events yet for a historical read.
After 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.
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.
