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The dollar index rose to a three-week high of about 91.02 as investors bet on faster U.S. growth and inflation. The Australian dollar gained after the Reserve Bank of Australia bought more bonds than expected to curb rising yields.
Benchmark 10-year Treasury yields rose to 1.432%, below their one-year high.
Dollar strength driven by growth expectations weighs on dollar-priced grains and oilseeds, and a stronger Australian dollar can ease pressure on Australian barley and sorghum export values. Feed buyers may see modest downward pressure on import-parity prices.
globalbankingandfinance.comlinker 5Mar 1, 2021After 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.
