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The US Dollar Index fell for a third straight day to around 101.65 as tech stock selloff pushed investors into bonds. The 10-year Treasury yield fell to about 4.91% from 5.36% earlier in the month.
The Fed held rates at 3.75%-4.00% with two dissenters favoring a hike.
A weaker dollar and lower yields tend to support dollar-priced commodities and export competitiveness for US grains and meal.
After 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.