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Westpac analysts note the dollar has struggled to benefit from firm US data and rising yield support, with EUR/USD rising mainly on days when yield spreads move in the euro's favour. They suggest uncertainty around Fed leadership, tax cuts and North Korea may be weighing on the dollar.
A dollar that fails to respond to yield gains is less supportive of US commodity pricing, and any reversal in data surprises could strengthen the dollar and pressure dollar-denominated feed prices.
octaafrica.netNov 30, 2017Not 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.
