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The US dollar fell against the yen on month-end and Tokyo fixing flows as tensions with North Korea and Russia escalated. The dollar was set for a 2.2% July loss, its fifth straight monthly decline and longest losing streak since 2011.
A weaker dollar tends to support US export commodity prices in dollar terms, which is mildly supportive for feed grains and meals priced for export. The effect is modest on its own.
moneyweb.co.zaMichael G. Wilson, Netty IsmailJul 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.
