
The U.S. dollar traded weak against the euro and Swiss franc on Monday and was set for a large first-half decline. Markets weighed a possible rise in the U.S. deficit from a tax and spending bill, along with trade deal prospects ahead of a July 9 tariff deadline.
A weaker dollar lifts dollar-denominated commodity prices and tends to support U.S. export demand for feed ingredients. Tariff deadline uncertainty could still shift trade flows.
After 1,637 past bearish macro events, US Dollar (Broad) 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.