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Despite signs of cooling US inflation and expectations of a possible Federal Reserve pause, the US dollar has remained strong. Analysts debated whether the dollar should decline, with some expecting the Fed to cut rates sharply later in the year.
A persistently strong dollar pressures dollar-priced commodities, including US grains and oilseeds, by making them more expensive for foreign buyers.
reuters.comHarry RobertsonJun 1, 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.
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.
