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The U.S. dollar dropped as much as 0.8% against a basket of currencies on Friday before closing down about 0.65%. It posted its biggest weekly loss since November 2023, falling 1.8% over the week on tariff concerns.
A weaker dollar generally supports dollar-denominated grain and meal prices and improves export competitiveness. The move is a routine currency wrap with no new supply or demand shock.
reuters.comAmanda Cooper, Koh QingJan 23, 2025Not enough comparable past events yet for a historical read.
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.
Reports the dollar's biggest weekly loss since Nov 2023 (about -1.8%), which directly describes the move in the window, driven by tariff concerns easing.
