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The dollar rose broadly and held near a two-year high, while the yen edged up from five-month lows. Traders are digesting the likelihood that the Federal Reserve will make fewer rate cuts in 2025.
A firm dollar and reduced expected Fed easing raise the cost of dollar-priced commodities for importers, a bearish pressure on feed ingredient prices in weaker-currency markets.
reuters.comDec 30, 2024After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
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.
