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The dollar fell to a two-month low against the yen after President Trump accused Japan and China of keeping their currencies weak. Major currencies posted their largest swings in months as investors struggled to read the likely path of Trump administration policy.
The article highlights uncertainty over future policy.
Heightened currency volatility adds uncertainty to dollar-based commodity pricing and to the competitiveness of US exports. A softer dollar against Asian currencies would generally support US grain and meal demand.
wsj.comSaumya Vaishampayan, Ian Talley, Chelsey DulaneyFeb 1, 2017Not enough comparable past events yet for a historical read.
After 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.
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.
