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The dollar index reached roughly a one-year high of 94.28 on Wednesday, about a week after the Federal Reserve's September 22 policy update. Traders attributed the move to expectations of earlier tapering of bond purchases and possible rate hikes in 2022.
A stronger dollar on higher US rate expectations tends to pressure dollar-denominated grain and feed prices and weakens export competitiveness.
marketwatch.comVivien Lou ChenSep 29, 2021After 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.
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.
