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The U.S. dollar has risen about 4% against trade partners this year and roughly 16% against the Japanese yen in 2024, prompting complaints from Japan and South Korea. Strong U.S. growth, earnings potential and high interest rates are drawing global capital into dollars.
A strong dollar against the yen and won raises the cost of dollar-priced feed imports for Japan and South Korea, which can weigh on their demand for US feed grains and meal.
marketplace.orgSabri Ben-AchourApr 23, 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.
Not enough comparable past events yet for a historical read.
Not 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.
