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The dollar rose to its highest level against the yen since late July in early Asian trade on Thursday. The move followed a rise in US Treasury yields after Donald Trump's election victory, with 10-year yields reaching 10-month highs.
Higher US yields and a firmer dollar tend to pressure dollar-denominated agricultural commodity prices and make US exports less competitive abroad.
reuters.comNov 9, 2016After 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.
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.
