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Most Asian currencies eased on Friday, December 1, as the U.S. Senate delayed a vote on the Republican tax overhaul over concerns about a larger federal deficit. Analysts said the bill could push U.S. Treasury yields and the dollar higher if it passed.
China's November manufacturing activity grew at its weakest pace in five months.
A stronger dollar makes dollar-priced grain and oilseed imports more expensive for Asian buyers, though the effect here is small and the vote is still pending. The story is mainly a currency and policy update.
business-standard.comReutersDec 1, 2017Not enough comparable past events yet for a historical read.
After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% over 20.
After 991 past macro events, Chinese Yuan (CNY per USD) moved a median -0.0% over 5 sessions (49% higher; middle half -0.3% to +0.3%), and -0.1% 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.
