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ING and Citi analysts forecast USD/JPY to stay below about 110 near term, with Citi forecasting 103 over 12 months. The dollar gained on a weaker euro ahead of an ECB meeting, and Treasury Secretary Mnuchin was expected to travel to China for trade talks.
Easing trade tension and a firm dollar affect the currency side of export competitiveness for US feed commodities. Forecasts alone carry little direct price impact.
exchangerates.org.ukFrançois AuréApr 26, 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.
