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The dollar rose during a period of consolidation but gave back some gains after weak US economic data. Rate futures priced in 44 basis points of easing for 2025, up from 38 the previous day, and the Fed was seen possibly resuming cuts in September or October.
Stronger expectations for Fed cuts tend to soften the dollar over time, a modest support for dollar-priced grain and meal exports.
reuters.comGertrude Chavez-DreyfussFeb 21, 2025Not enough comparable past events yet for a historical read.
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.
