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The US dollar rebounded against major and emerging market currencies on Monday, ending a week of declines. Central banks in China and Singapore eased monetary policy, and governments tightened coronavirus lockdowns and launched fiscal measures.
The euro, sterling and Australian dollar all fell against the dollar.
Global monetary easing and a renewed safe-haven dollar bid strengthen the dollar, which pressures dollar-priced commodities and can weigh on US export competitiveness for feed grains and meals. The rebound is described as temporary, so the price effect may be short-lived.
cnbc.comReutersMar 30, 2020After 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.
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.
