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The dollar fell to a one-week low against the yen after Trump's former campaign manager Paul Manafort was charged with money laundering in the Russia probe. Reports that Jerome Powell was likely to be picked as Fed chair also weighed on the dollar.
Political risk and a softer dollar are a minor headwind for dollar strength, with little direct effect on feed commodity prices.
nst.com.myOct 31, 2017After 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.
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.
