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The dollar sagged against the yen and major currencies on Tuesday as US Treasury yields slipped on uncertainty over the Republican tax bill. The Australian dollar held steady after the RBA kept policy unchanged as expected.
Softer US yields and a weaker dollar can lend modest support to USD-priced commodities including feed grains. The Aussie reaction was minimal, so the link to feed prices is weak.
babypips.comReutersNov 7, 2017After 1,637 past bearish macro events, DXY moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
Not 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.
