Loading…
Commodity markets fell last week as the US dollar strengthened on expectations that the Fed may cut rates later than other central banks. The Fed held its policy rate at 5.25% to 5.50%, and the Swiss National Bank cut its rate to 1.50%.
A firmer dollar makes dollar-priced commodities more expensive for foreign buyers, which pressures prices. For feed markets the effect is indirect and modest.
aa.com.trBurhan SansarliogluMar 25, 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.
