Loading…
The euro posted its longest losing streak against the dollar since the currency's 1999 launch, falling 0.5% to $1.0582 in Asian trade after a tenth straight daily decline. Investors have rotated out of bonds and into US equities after Donald Trump's election win, lifting expectations for US growth, inflation and Fed tightening.
A stronger dollar and rising US yields weigh on dollar-priced commodities and pressure emerging-market currencies, which can cut import demand for feed ingredients and make US exports pricier for buyers abroad.
telegraph.co.ukSzu Ping ChanNov 18, 2016After 2,356 past bullish macro events, DXY moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
After 533 past bearish macro events, EURUSD moved a median -0.3% over 5 sessions (33% higher; middle half -1.2% to +0.2%), and -0.5% 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.
