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The dollar was about 0.5% softer after a court ruling against most US tariffs, with an appeals court later supporting White House policy. Softer US consumer spending data in the GDP revision weighed on the currency, and April PCE data was due.
Dollar weakness driven by weaker US demand and tariff legal uncertainty can modestly support dollar-priced feed commodities, though the effect on prices is indirect.
think.ing.comChris Turner, Frantisek Taborsky, Francesco PesoleMay 30, 2025After 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.
