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The Dollar Index finished the week little changed at 103.95 after Fed governor Waller said rate cuts should be delayed by a couple of months. US 10-year Treasury yields fell 7 basis points to 4.25%, and the Australian dollar was little changed at 0.6560.
A flat dollar and lower yields offer little direct push to dollar-denominated grain prices, leaving the broader currency backdrop neutral for feed buyers ahead of the PCE inflation release.
liquidityfinder.comMichael MoranFeb 26, 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.
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.
