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The dollar and Treasury yields rose after Fed Chair Powell suggested more US rate hikes may be needed. The Bank of England delivered a larger-than-expected half-point hike to 5%.
Higher global rates strengthen the dollar and raise financing costs, which can pressure commodity prices and farm-sector credit.
reuters.comCaroline ValetkevitchJun 22, 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.
