Loading…
The dollar hit its strongest level of 2021, with the dollar index at an 11-month high of 93.891 and the euro falling to its lowest since November 2020. The yen touched an 18-month low near 111.69 per dollar, and sterling fell to its lowest since January amid an energy supply squeeze.
A firmer dollar on expected Fed tightening tends to pressure dollar-priced grain and oilseed prices and can reduce foreign buying of US feed commodities.
sharjah24.aeSharjah 24Sep 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.
