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The dollar was flat around 106.50 on the DXY index as the post-election rally faded. New York Fed President John Williams said inflation is cooling and rates should fall further, and weekly jobless claims and the Philadelphia Fed manufacturing survey came in weaker than expected.
Softer US data and dovish Fed signals reduce support for the dollar and could lift dollar-priced commodities over time. The move is small and has no direct effect on feed supply.
fxstreet.comFilip LagaartNov 21, 2024After 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.
