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The US dollar rose to two-decade highs in early May, tightening financial conditions as the world economy faces a possible slowdown. Reuters notes the surge threatens to damage broader market conditions.
A strong dollar makes US commodities more expensive for foreign buyers and tends to weigh on dollar-priced grain and meal values. It also tightens financing for importers such as emerging-market feed buyers.
reuters.comSaikat ChatterjeeMay 6, 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.
