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Analysts note the dollar's recent plunge is breaching technical support levels, raising the risk of a further significant decline. The article frames the move as a potential extended slide regardless of policy intent.
Continued dollar weakness would tend to lift dollar-denominated agricultural prices and improve export competitiveness for US feed commodities.
bloomberg.comJacob Bourne, Robert FullemJan 25, 2018After 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.
