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The dollar rose to a five-week high after the Federal Reserve said it is likely to raise U.S. interest rates in March and will later begin significantly reducing its asset holdings. The moves complete a pivot away from pandemic-era loose policy toward fighting inflation.
Tighter U.S. policy and a stronger dollar typically pressure dollar-priced commodities and can weigh on export competitiveness, while raising financing costs for feed buyers and feeders.
reuters.comHerbert LashJan 26, 2022After 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.
The Fed decision on 2022-01-26 pushed the dollar to a five-week high, and the hawkish pivot carried into the next day's trading and added to the 01-27 move.
