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The dollar edged higher as U.S. economic growth accelerated. The yen weakened to a one-year low of 150.78 per dollar, close to the 32-year low touched in October last year, and markets were focused on a possible change to the Bank of Japan's yield control policy.
Stronger U.S. growth and rate expectations support the dollar, which tends to pressure dollar-denominated grain and meal prices and raises the cost of imports priced in other currencies.
reuters.comSaqib Iqbal AhmedOct 26, 2023After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% 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.
