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World stocks rallied and the dollar edged up from eight-month lows on Friday after slowing inflation data raised hopes the Federal Reserve can achieve a soft landing and slow its tightening. Futures priced the Fed's policy rate peaking slightly higher around 4.9% in June, then easing to about 4.47% by December.
A softer dollar and expectations of eventual rate cuts tend to support commodity prices and make dollar-denominated feed ingredients cheaper for foreign buyers.
reuters.comHerbert LashJan 27, 2023After 1,637 past bearish macro events, DXY 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.
