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The US dollar rebounded broadly ahead of the RBA, FOMC and BoE decisions, pushing the Aussie weaker. ECB official Visco said rates will need to rise further but the pace is uncertain given the Russia-Ukraine war.
A firmer dollar lowers dollar-denominated commodity prices and raises import costs for non-US feed buyers, a mild bearish pressure on feed ingredients.
actionforex.comRoboForex LtdOct 31, 2022After 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.
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.
