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The dollar eased after a Fed-driven rise but stayed near a six-month high after the Fed held rates at 5.25%-5.50% and signaled restrictive policy for longer. The yen strengthened ahead of a Bank of Japan decision.
Currency swings alter the relative cost of US feed exports for importers, and a firm dollar with a stronger yen tends to weigh on US-priced grain and meal demand.
cnbc.comReutersSep 21, 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.
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.
