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The U.S. dollar fell broadly on April 13 to a five-month low against the yen after Trump said the currency was too strong. The dollar also weakened against the pound and Swiss franc, and the dollar index dropped 0.6 percent.
Geopolitical tensions over Syria, North Korea and the French election supported safe-haven currencies.
A sharp dollar decline lowers the cost of U.S. commodities for overseas buyers, a supportive factor for grain and oilseed prices.
en.amwalalghad.comYomna YasserApr 13, 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.
