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The U.S. Dollar Index traded near 105.8 on June 27, slipping 0.24% as traders took profits ahead of the Core PCE inflation report. Treasury yields were little changed and durable goods orders rose unexpectedly in May.
Small daily moves in the dollar index have little direct effect on feed prices. The index remains near 2024 highs, so a sustained move higher would pressure dollar-priced commodities.
fxempire.comJames HyerczykJun 27, 2024Not 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.
