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The US dollar held firm as traders awaited details of Trump's proposed policies and questioned whether the Fed would cut rates as aggressively. The dollar index was near a one-year high of 107.07, and about 54% odds of a December Fed cut were priced in, down from 82.5% a week earlier.
A stronger dollar tends to pressure dollar-denominated grain and oilseed prices and makes US exports less competitive. Expectations for slower Fed easing support the dollar.
brecorder.comReutersNov 21, 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.
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.
