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The dollar edged lower and was on track for a second weekly decline as traders pared expectations for further large Fed rate hikes. The dollar index fell to 101.43, its weakest since April 25, after inflation rose less in April than in recent months.
A weaker dollar eases pressure on dollar-denominated commodities and can support US export prices for feed grains and oilseeds. The price effect is modest unless the Fed path shifts further.
brecorder.comReutersMay 28, 2022After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.
