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The dollar held near a seven-month low as cooling US inflation led investors to believe the Fed is nearing the end of its rate-hike cycle with a lower peak than feared. Markets priced a 91% chance of a 25 basis point increase at the upcoming Fed decision.
A weaker dollar tied to a near-finished Fed hiking cycle generally supports dollar-priced commodities and improves import affordability for feed buyers abroad.
reuters.comJan 16, 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.
