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The dollar was on track for its fourth straight weekly gain as a run of positive US economic data reduced expectations for the size and speed of Fed rate cuts. Higher Treasury yields accompanied the move.
A firmer dollar makes US feed grains and meal more expensive for importers and can weigh on US export demand, a mild bearish pressure on dollar-quoted feed prices.
reuters.comChuck MikolajczakOct 25, 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.
