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The dollar index rose to about 104.8 as strong US data boosted expectations for more Fed hikes and 10-year yields neared 4%. The Australian and Canadian dollars weakened against the US dollar.
A firmer dollar and weaker commodity currencies can reduce dollar-denominated grain and feed export prices for buyers and shift trade flows from Australia and Canada.
economies.comRami HaddadFeb 28, 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.
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.
