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The dollar has risen sharply, and the Fed raised its policy rate by 75 basis points at its July 26-27 meeting. Policymakers cited the stronger dollar's drag on import prices as one factor likely to help bring inflation down.
A stronger dollar makes US commodity exports more expensive for foreign buyers and tends to pressure dollar-priced grain and oilseed prices.
reuters.comJamie McGeeverAug 24, 2022After 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.
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.
