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April FOMC minutes showed officials discussing the possibility of talking about tapering asset purchases. Traders reacted by lifting the dollar on the prospect of earlier policy normalization.
Taper talk raises US rate expectations and supports the dollar, which can pressure dollar-priced grain and oilseed prices and make imports costlier for emerging-market buyers.
reuters.comMay 19, 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.
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.
