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The dollar closed roughly flat near 106.7 after rebounding from a two-month low, as hawkish Fed comments were offset by weak US data. WTI crude fell for a fifth straight week to below $70.30 a barrel, its lowest since December, amid rising US inventories and Russia-related sanctions uncertainty.
Lower crude prices reduce biofuel margins and diesel costs, which can weigh on soybean oil and feed-related energy costs, while the dollar's direction affects export competitiveness.
moneycontrol.comKaynat ChainwalaFeb 23, 2025Not enough comparable past events yet for a historical read.
Not 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.
