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Nomura said the dollar's bounce this week, with US 10-year yields above 3%, was driven by rising commodity prices from geopolitical tensions rather than growth. It recommended selling dollars against the safe-haven yen.
Rising commodity prices from geopolitical tension can lift input costs for feed buyers. The analysis points to yen weakness as a hedge against a dollar that may reverse.
octaafrica.netApr 26, 2018Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, DXY 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.
