
The yuan fell to a two-week low against the dollar on Tuesday despite the People's Bank of China setting a firmer midpoint. The dollar index hit a three-week high after strong US services data and ahead of Trump's April 2 tariff deadline, when some levies may be waived.
A firmer dollar makes US commodities pricier for Chinese buyers and can weigh on dollar-denominated grain and meal prices, while tariff deadline uncertainty adds to near-term volatility.
After 2,356 past bullish macro events, DXY moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% 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.