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Encouraging US services and employment data, including stronger-than-expected private hiring, lifted the dollar and halted a recent slide. The gains came alongside a broad risk-on move after news that US-China trade talks would resume next month.
A firmer dollar makes dollar-priced feed commodities more expensive for foreign buyers, which is mildly bearish for grain and meal prices. Easing trade tensions support risk appetite but do little for near-term feed demand.
finance.yahoo.comTom WestbrookSep 6, 2019After 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.
