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The dollar slipped to an 11-day low against the yen after Manafort and Gates were charged, reversing gains from the prior Friday's three-and-a-half-month high. Analysts pointed to Treasury yields as the main limit on dollar strength and to Powell's likely Fed nomination.
A firmer dollar lifts the cost of US exports and tends to pressure dollar-priced grains, so the pullback is a mild positive for US feed commodity prices.
egypttoday.comOct 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.
