In Tokyo trading on November 3 the dollar-yen dipped slightly from 157.96 to 157.75 yen as oil fell and the dollar sold off ahead of US midterm elections. The Reserve Bank of Australia raised its cash rate to 4.85% by a 6-3 vote, and its governor said further tightening was needed to curb inflation.
A stronger dollar and firmer rate expectations in Australia tighten financing conditions for importers. Oil-driven moves in the yen shift the cost of dollar-denominated grain and meal purchases.
Not enough comparable past events yet for a historical read.
After 359 past neutral macro events, DXY moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% 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.