Loading…
Forex forecasts show the US dollar index moving lower despite rising Treasury yields, as traders cut bets on a more hawkish Federal Reserve. EUR/USD was trying to hold above 1.0850 and GBP/USD was pressing resistance near 1.2650, with USD/JPY heading toward 151.00.
A weaker dollar makes US-priced commodities cheaper for buyers using other currencies, which can support export demand and prices. This is routine currency technical commentary with a low expected effect on feed markets.
fxempire.comVladimir ZernovFeb 26, 2024Not 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.
