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USD/JPY held above 112 and tracked the broad dollar index after the pair met buyers near 111.70. Trump's remarks about punishing currency manipulators and upbeat Chinese PMI data shaped sentiment, and traders awaited US PCE and consumer sentiment data.
Routine currency moves like this have little direct effect on feed prices, but a stronger dollar tends to pressure dollar-priced commodities.
octaafrica.netMar 31, 2017Not 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.
