Loading…
The dollar rebounded as Treasury yields rose and US consumer confidence improved. Households expected higher interest rates over the next year, and inflation worries persisted.
A stronger dollar makes US grain and feed exports less competitive abroad and tends to pressure dollar-denominated commodity prices.
reuters.comKaren BrettellMay 28, 2024After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% 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.
