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The dollar index rose 0.1% to 90.78 ahead of US inflation data, after recovering from four-month lows. The dollar was near a seven-week high against the yen at 109.875, and the euro was 0.1% lower at $1.21875.
Dovish ECB comments weighed on the euro ahead of its June 10 policy meeting.
A firmer dollar and weaker euro generally pressure dollar-priced grain and oilseed values and make US exports less competitive. Month-end dollar demand may limit the move, so the impact on feed markets is small.
marketnewsng.comEkeminiMay 28, 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.
After 533 past bearish macro events, Euro (USD per EUR) moved a median -0.3% over 5 sessions (33% higher; middle half -1.2% to +0.2%), and -0.5% 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.
