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The dollar held firm as investors braced for US interest rates to stay higher for longer, while the yen swung between gains and losses. Incoming BOJ Governor Kazuo Ueda said uncertainties about Japan's recovery remained very high and that ultra-loose policy should be maintained.
A firm dollar and higher US rates tend to pressure dollar-denominated commodity prices and can weigh on demand from importers with weaker currencies. The effect on feed markets is indirect and modest.
financialpost.comReutersFeb 24, 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.
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.
