Loading…
Sterling fell to a 21-month low against a strong dollar, which also hit multi-year highs against the yen and euro. Traders cited Fed tightening expectations that lifted US 10-year yields and pushed the dollar index to its highest since 2002.
Rising US yields and a surging dollar tighten global liquidity and make dollar-priced feed and grain imports costlier for importing nations.
brecorder.comReutersApr 29, 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.
