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A rising U.S. dollar is putting pressure on currencies of Canada, Australia and New Zealand, according to a Wall Street Journal report. Currency traders in those countries are watching the dollar's strength closely.
The report gives no specific levels or new data.
A stronger U.S. dollar lowers the local-currency cost of U.S. feed and grain exports to these countries but raises the cost of their imports priced in dollars. The effect on commodity prices from this report alone is limited.
wsj.comIra Iosebashvili and James GlynnAug 26, 2018Not enough comparable past events yet for a historical read.
After 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.
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.
