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The dollar had a volatile week after Treasury officials gave mixed signals on dollar policy, and it kept weakening through Friday. Strategists say trade policy will now drive the currency, with risk of further decline if the administration appears protectionist.
Trade-war risk could add volatility to the dollar and to US export demand expectations for grains and oilseeds.
cnbc.comPatti DommJan 26, 2018After 39 past bearish trade events, US Dollar (Broad) moved a median -0.4% over 5 sessions (26% higher; middle half -1.1% to +0.0%), and -0.8% over 20.
After 250 past neutral trade events, Soybeans moved a median +0.0% over 5 sessions (50% higher; middle half -1.4% to +1.6%), and -0.2% over 20.
After 480 past neutral trade events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% 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.
