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The US dollar has strengthened sharply in 2022 as the Federal Reserve moved faster on rate hikes than markets expected. Sterling and the euro have weakened meaningfully, while the yen and Swiss franc have also lost ground.
The dollar peaked in March 2020 before this rally.
A strong dollar makes US feed exports pricier for foreign buyers and weakens demand for dollar-priced grains and meals, while supporting import costs in weaker-currency markets.
schroders.comPritosh RanjanJul 1, 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.
Not enough comparable past events yet for a historical read.
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.
