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The dollar eased against the Japanese yen on February 27 after Japan's core consumer inflation beat forecasts. U.S. durable goods orders for January fell more than expected, and the dollar index was roughly flat near 103.9.
A firm dollar tends to pressure U.S. grain and oilseed prices by making exports pricier for foreign buyers. This session's move was small, so the effect on feed prices is limited.
reuters.comCaroline ValetkevitchFeb 27, 2024After 359 past neutral macro events, DXY moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% over 20.
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.
