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The US dollar fell after Powell's signal of imminent rate cuts prompted global investors to position for easing. Analysts noted that the downside for the dollar appeared limited.
Expected Fed cuts reduce Treasury yields and make the dollar less attractive, which tends to support dollar-priced feed commodities. The limited downside suggests the effect on feed costs may be modest.
markets.businessinsider.comHuileng TanAug 26, 2024After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.
