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Sterling fell to its lowest since September 2020 against a strengthening dollar, which climbed to a two-year high as risk aversion spread. Money markets trimmed bets on Bank of England tightening, with about 150 bps of hikes priced by year-end.
A stronger dollar makes US dollar-priced feed ingredients more expensive for UK and European buyers, though the direct effect on grain prices is modest.
reuters.comApr 25, 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.
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.
