On June 30, 2025 the dollar sank near its lowest level in almost four years against the euro as optimism over US trade deals increased bets on earlier Fed rate cuts. The dollar also weakened against sterling and the Swiss franc.
Markets priced at least one quarter-point cut by September at about 92%.
Stronger odds of Fed easing weaken the dollar, which supports US grain and oilseed prices in global markets. Trade-deal progress with China could also support US export demand for feed ingredients.
After 1,637 past bearish macro events, DXY moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.