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The dollar index hovered below an 11-week high as Fed officials sent conflicting signals on inflation and the timing of stimulus withdrawal. Atlanta Fed President Bostic expected rate hikes in late 2022, and Governor Bowman said price pressures could last longer than expected.
The yen slid to a 15-month low of 111.11 per dollar.
Hawkish Fed signals lift the dollar, which tends to weigh on dollar-priced grain and oilseed prices and can make US exports less competitive. Mixed messaging from Fed officials limits the size of the move.
brecorder.comReutersJun 24, 2021After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% 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.
