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The US dollar strengthened on Monday after a Federal Reserve survey showed banks tightened credit standards and saw weaker loan demand in the second quarter. Traders expect the June jobs and CPI data to shape the Fed's September rate decision.
A firmer dollar and tighter credit conditions weigh on dollar-denominated commodity prices, and a stronger dollar makes US feed grains and meals less competitive for overseas buyers.
investing.comJul 31, 2023After 2,356 past bullish macro events, DXY 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.
