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The dollar rose to a one-month high against a basket of currencies on June 15, 2021, after U.S. producer prices and inflation data signaled rising price pressures. Gains were capped as traders awaited the outcome of the Fed's two-day policy meeting for hints on bond-purchase tapering.
Retail sales fell more than expected in May as spending shifted back to services.
Stronger dollar and earlier Fed tightening expectations pressure dollar-denominated grain and oilseed prices and can weigh on export demand; a firmer dollar also makes U.S. feed ingredients more expensive for foreign buyers.
finance.yahoo.comSaqib Iqbal Ahmed, Julien PonthusJun 15, 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.
