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The U.S. dollar traded modestly lower against most G10 currencies on July 31, 2018. Traders focused on NAFTA and US-China trade talks, while Canadian GDP beat expectations at 0.5% versus a forecast of 0.3%.
A softer dollar supports dollar-denominated commodity prices, while NAFTA and China trade headlines keep risk premia in feed-linked markets elevated.
ofx.comWednesdayJul 31, 2018After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.
