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Currency markets traded sideways on June 23 after US yields fell following Powell's recession remarks, pushing the dollar index 0.23% lower to 104.18. EUR/USD, GBP/USD, USD/JPY and AUD/USD moved within recent ranges.
Routine currency range-trading gives little new directional signal for feed commodity prices, though a softer dollar would modestly support dollar-priced grain and oilseed demand.
marketpulse.comJeffrey HalleyJun 23, 2022Not 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.
