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The dollar hovered near five-month lows on June 1 as commodity currencies gained on rising oil prices tied to expected fuel demand. The dollar index stayed below 90 after US inflation posted its biggest annual rise since 1992, and the euro held near $1.2223.
A weaker dollar tends to support dollar-priced commodities, including grains and oilseeds, but the move here is modest and mostly reflects FX positioning.
financialpost.comReutersJun 1, 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.
