Loading…
The dollar fell on Wednesday as the yen and Swiss franc gained amid uncertainty over the Omicron variant. Traders weighed the implications of Fed Chair Powell signaling faster rate hikes, and the pound rebounded from its lowest level in nearly a year.
Safe-haven flows and Fed expectations drive dollar moves that affect the relative value of US commodity exports, with limited direct grain price impact from a single session.
tbsnews.netReutersDec 1, 2021After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% 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.
