
On June 27, 2025 the dollar was heading for its sixth straight monthly decline and traded at its lowest in about 3.5 years. Scotiabank said fundamental support for the dollar had eroded as rate markets priced greater Fed easing.
Markets fully priced two quarter-point cuts by year-end.
Expanding Fed easing bets and a weaker dollar tend to support dollar-denominated grain, oilseed and meal prices. A cheaper dollar can also support export demand for US 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.