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The dollar held near a one-month low after soft inflation data, then retreated after higher producer prices pushed back on expected Fed cuts. January retail sales fell sharply, the steepest drop in 10 months, which kept some doubt about U.S. economic momentum.
A firmer dollar makes U.S. grain and meal exports less competitive, so the currency move is a modest headwind for export demand and prices.
cnbc.comReutersFeb 16, 2024After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% 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.
