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The dollar rallied after Trump's tariff announcement, rising about 1% against the Canadian dollar and 2% against the Mexican peso. Asian share markets fell, European equity futures declined, and S&P 500 futures dropped 0.3%.
The move reflected the market's reaction to the proposed trade measures.
A stronger dollar makes US commodity exports more expensive for foreign buyers and pressures dollar-priced grain and oilseed values. Tariff uncertainty can also weigh on risk appetite and trade-sensitive feed commodities.
reuters.comNov 26, 2024After 45 past bullish trade events, US Dollar (Broad) moved a median -0.0% over 5 sessions (42% higher; middle half -0.3% to +0.4%), and -0.0% over 20.
Not enough comparable past events yet for a historical read.
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.
