Loading…
The US dollar weakened after the Federal Reserve signaled potential rate cuts for next year, closing the week near the 102 level. Markets priced roughly an 80% chance of a rate cut in March despite the dollar's decline.
Rate-cut expectations keep pressure on the dollar, which tends to support dollar-priced commodities and can ease import costs for feed buyers abroad. The move is a currency market reaction without a direct change in feed supply.
investing.comDec 18, 2023After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.
