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Reuters reported that the Bank of England was expected to keep its benchmark rate at a 15-year high at its December 14 meeting. Officials at the ECB and Fed were signalling possible rate cuts.
Divergence in central bank policy shifts currency flows and dollar strength, which can indirectly affect dollar-priced grain and oilseed values.
brecorder.comReutersDec 8, 2023After 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.
