Loading…
The US dollar gained after Fed Governor Waller said there was 'no rush' to cut rates and that recent data had been disappointing. Scotiabank said the rally may struggle to extend further because yields and rate spreads did not move enough to sustain it.
A firmer dollar weighs on US commodity prices in dollar terms and makes US exports less competitive abroad. The move looks modest, so the impact on feed prices should be limited.
octabroker.comMar 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.
