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The Federal Reserve and U.S. Treasury reported no foreign exchange intervention in the October–December 2021 quarter. The broad trade-weighted dollar rose 0.6% that quarter, driven mainly by gains against the yen and euro on expectations of faster Fed tightening.
No official FX intervention means currency moves reflect market rate expectations, which keep the dollar firm and make US-priced feed ingredients relatively more expensive for importers.
newyorkfed.orgFeb 10, 2022After 23 past neutral report events, US Dollar (Broad) moved a median +0.1% over 5 sessions (57% higher; middle half -0.2% to +0.4%), and +0.5% 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.
