Loading…
The euro fell below dollar parity as the Federal Reserve kept raising interest rates, pulling investment toward dollar-denominated assets. The article is an explainer on the likely effects of the currency move.
Rising US rates and a strong dollar tend to weigh on dollar-priced agricultural commodities and raise borrowing costs for feed and livestock operations.
apnews.comThe Associated PressAug 23, 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.
After 533 past bearish macro events, Euro (USD per EUR) moved a median -0.3% over 5 sessions (33% higher; middle half -1.2% to +0.2%), and -0.5% 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.
