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Analysis suggests the dollar's rally may have further to run in 2025, driven by Trump's policies and their effect on inflation and Fed rate decisions. The currency benefits from U.S. economic outperformance relative to peers.
Expectations of continued dollar strength would keep U.S. feed commodities more expensive for overseas buyers and could pressure export-linked prices.
After 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.
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.