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Sterling held near its lowest since 2020 against a firm dollar, weighed by UK economic worries after debt figures and fears that COVID restrictions in China will slow world growth. Money markets pared expected Bank of England rate hikes to about 140 bps by year-end.
Weaker global growth expectations and a firm dollar tend to pressure dollar-denominated commodity prices, including feed grains.
reuters.comJoice AlvesMay 1, 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.
