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The euro and sterling fell sharply against a strengthening dollar on March 24 amid worries about European bank problems. The dollar index rose about 0.5% to 103.14.
A firmer dollar on banking fears makes US commodity exports more expensive abroad, a mildly bearish factor for dollar-priced grain prices.
reuters.comHannah LangApr 1, 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.
After 533 past bearish macro events, EURUSD moved a median -0.3% over 5 sessions (33% higher; middle half -1.2% to +0.2%), and -0.5% 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.
