Loading…

The dollar was mixed as a sharp drop in US consumer confidence pushed Treasury yields lower. Markets were pricing in 57 basis points of Fed rate cuts by year-end, with a cut of at least 25 bps not topping 50% until June.
Weaker US growth signals and lower yields can soften the dollar, which supports US commodity export competitiveness. The mixed reaction leaves the net effect on feed prices limited.
After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% 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.