Loading…
The dollar rallied on expectations of fewer Fed rate cuts and on the view that a Trump win would bring tax cuts, looser regulation and higher tariffs. Sterling weakened on inflation concerns.
Expectations of higher US tariffs and a stronger dollar could weaken foreign demand for US exports and strengthen the dollar against importing currencies, pressuring dollar-denominated feed prices.
reuters.comGertrude Chavez-DreyfussOct 16, 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.
