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The US dollar slipped to a one-month low after the Federal Reserve signalled interest rate hikes remain distant. US second-quarter GDP grew at a 6.5% annualised rate, missing economists' forecast of 8.5%.
A weaker dollar and lower real yields generally support dollar-priced commodities, which can lift feed grain and oilseed prices for import-dependent buyers.
brecorder.comReutersJul 30, 2021After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.
