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The dollar ended little changed on Friday as Treasury yields fell after a tame US PCE inflation report for June. The PCE price index rose 0.1%, as expected, after being unchanged in May.
Investors said the path to a September Fed easing remained clear.
Softer inflation supports expectations for Fed easing, which weighs on the dollar and can modestly support dollar-priced grains and oilseeds. The effect on feed markets is limited relative to crop and trade drivers.
reuters.comAlden BentleyJul 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.
