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The dollar slid to as low as 97.923 against a basket of currencies, its lowest level in three years, and hit a decade low against the Swiss franc. The decline followed Trump's attacks on Federal Reserve independence and uncertainty over trade policy.
A weaker dollar lowers the effective cost of US grain and oilseed exports for foreign buyers, which can support US commodity prices.
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.