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The US dollar surged after Fed Chair Jerome Powell's hawkish remarks on fighting inflation, with the Dollar Index at 108.76. Gold sold off sharply and US stock indices fell, with the Dow down more than 1,000 points.
A sharp rally in the dollar on Fed tightening signals tends to weigh on dollar-priced grain and oilseed markets and increases the local-currency cost of imported feed for emerging-market buyers.
news.laodong.vnTrà MyAug 28, 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.
