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Policy uncertainty in the US is weighing on the dollar, which has fallen more than 8% this year on the ICE dollar index. Analysts say this is encouraging diversification into the euro, yen and renminbi.
Standard Chartered's renminbi globalisation index rose about 8.3% through April.
A weaker dollar tends to support dollar-priced commodities, including grains and oilseeds, by making them cheaper for foreign buyers. The renminbi diversification trend is a longer-term theme with limited near-term price effects.
ifre.comSuzannah BenjaminMay 30, 2025After 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.
