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The dollar fell broadly after the Fed kept policy steady and acknowledged progress in the economy, with markets awaiting the US GDP report. Major pairs such as EUR/USD and GBP/USD moved as traders priced in slower tapering.
Dollar weakness tends to support dollar-denominated grain and feed prices, though the effect on feed ingredients is usually modest.
actionforex.comTD Bank Financial GroupJul 29, 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.
