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A Reuters poll found the dollar would hold its recent strength over the coming months, supported by robust US economic growth. Financial markets were pricing in higher US rates relative to other economies.
A persistently strong dollar tends to weigh on dollar-priced feed and grain markets and reduces demand from import-dependent buyers. The forecast points to continued pressure on US export competitiveness.
reuters.comSarupya GangulyNov 1, 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.
