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Wall Street stocks gained on Dec 13 as new US inflation data showed the smallest annual increase in nearly a year. Treasury yields fell and the dollar weakened by nearly 1% against major currencies.
Markets expected the BoE, Fed and ECB to raise rates by 50 basis points.
Easing inflation and lower yields reduce pressure on the dollar, which can support dollar-priced commodity demand. The move reflects broader risk sentiment rather than a direct change in grain or feed supply.
reuters.comLawrence DelevingneDec 13, 2022After 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.
