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An Investing.com FX preview said the US dollar had its weakest week across the board in mid-July 2017 after softer retail sales data. The piece noted that the yen and Swiss franc were less affected.
It also flagged North Korea tensions and the risk of trade disputes as factors for the coming week.
A weaker US dollar tends to support dollar-priced commodities such as grains and oilseeds, which lowers import costs for buyers using a non-US currency.
uk.investing.comJul 16, 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.
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.
