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The U.S. dollar hit a 3-1/2-month high against a basket of currencies on March 8 on expectations of strong U.S. growth and rising inflation. Higher Treasury yields also boosted the greenback's safe-haven appeal, and the dollar had rebounded about 2.5% year-to-date after falling in late 2020.
A firmer dollar makes dollar-priced grains, oilseeds and feed ingredients more expensive for non-U.S. buyers, which can weigh on export demand and prices.
reuters.comSaikat Chatterjee, John McCrankMar 8, 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.
