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The U.S. dollar ended unchanged on Friday, erasing an early drop after producer price inflation came in softer than expected. Investors are weighing whether the Federal Reserve will act sooner to curb inflation if it persists.
A firm dollar tends to pressure dollar-denominated grain and oilseed prices, while softer inflation data reduces pressure for near-term rate hikes that could strengthen the currency.
reuters.comKaren BrettellJun 25, 2021After 359 past neutral macro events, DXY moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% 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.
