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The dollar gained after Federal Reserve officials Richard Clarida and Christopher Waller suggested a faster pace of bond-buying tapering may be appropriate amid a quickening recovery and heated inflation. The euro weakened as COVID fears flared across Europe.
Hawkish Fed signals and a stronger dollar make dollar-priced commodities more expensive for foreign buyers, which can pressure US grain and oilseed export demand and related prices.
reuters.comKevin BucklandNov 22, 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.
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.
