Loading…
On September 26, sterling fell to a six-month low against the dollar and came close to its weakest level in four months against the euro. Rising US bond yields lifted the dollar, and analysts said the Bank of England's pause removed support for the pound.
Dollar gains driven by higher US yields tighten global financial conditions and tend to pressure dollar-priced agricultural commodities and import costs for non-US feed buyers.
wsj.comSep 26, 2023Not enough comparable past events yet for a historical read.
After 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.
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.
