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The dollar slipped from 20-year highs against a basket of currencies on Friday April 29 but posted its best month in seven years. Concerns about the global economy and a hawkish Federal Reserve drove demand for the greenback.
A strong monthly dollar gain pressures dollar-priced feed ingredients and raises import costs for emerging-market feed buyers, while the late-session slip offers only limited relief.
reuters.comKaren BrettellMay 1, 2022After 2,356 past bullish macro events, DXY 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.
