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Currency traders are shifting focus from the pandemic to central bank responses to rising inflation in the US, UK and euro area. Ebury notes that unleashed consumer demand and supply shortages have pushed US inflation higher.
The article also shows the dollar index, euro and pound moving only slightly on the day.
This is a general currency outlook focused on policy expectations, with no specific feed supply or demand change; its effect on grain and meal prices is indirect.
marketwatch.comVivien Lou ChenAug 17, 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.
After 129 past neutral macro events, Euro (USD per EUR) moved a median -0.1% over 5 sessions (45% higher; middle half -0.5% to +0.5%), 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.
