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The yen strengthened as the Trump administration's new trade measures raised fears of protectionism, which hit stocks and pushed bonds higher. Investors expect more trade-related actions and continued support for the yen as a safe haven.
Currency moves tied to trade tension shift the dollar's value against feed-importing currencies, which affects the cost of imported feed ingredients and US export competitiveness.
bloomberg.comLiz Capo McCormick, Lananh NguyenMar 2, 2018Not enough comparable past events yet for a historical read.
After 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.
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.
