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The dollar fell after the Fed raised rates by 25 basis points on March 22 and projected at least one more hike by the end of 2023. Officials suggested that hike could be an initial stopping point.
A weaker dollar makes US commodities cheaper for foreign buyers and tends to support futures prices. Feed buyers may see modest support in corn, soybean meal and other dollar-priced inputs.
reuters.comHannah LangMar 22, 2023After 1,637 past bearish macro events, US Dollar (Broad) 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.
