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The euro slipped below 1.0800 ahead of eurozone CPI and US PCE data, as a modest dollar rebound followed strong US ADP jobs data. Markets reduced bets on aggressive Fed rate cuts and rising Treasury yields supported the dollar.
A firmer dollar on expectations of smaller Fed cuts pressures dollar-priced commodity exports and can weigh on feed grain and meal prices.
fxstreet.comHaresh MenghaniOct 31, 2024Not 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.
