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The article says inflation is cooling and the Federal Reserve appears near the end of its rate-hiking cycle, which helped push the US Dollar Index lower the previous week. The excerpt is truncated.
A weaker dollar on expectations of an end to Fed hikes tends to support dollar-priced commodities and can improve export demand for US feed ingredients.
edition.cnn.comKrystal HurJul 28, 2023After 1,637 past bearish macro events, DXY moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.
