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The dollar rose to a six-week high against the yen and a four-month high against the Aussie after the Fed downplayed threats to its planned rate hikes. Commodity prices, including iron ore, fell sharply, which analysts linked to concerns about the Chinese economy.
Weaker Chinese demand signals and a stronger dollar point to softer commodity prices and pressure on commodity-linked currencies that feed into export competitiveness for feed raw materials.
thehindubusinessline.comRajalakshmi SMay 4, 2017After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
Not enough comparable past events yet for a historical read.
After 169 past neutral macro events, Chinese Yuan (CNY per USD) moved a median +0.0% over 5 sessions (50% higher; middle half -0.3% to +0.2%), and -0.0% 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.
