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The safe-haven dollar tracked a surge in Treasury yields in recent weeks, and the dollar index slipped back from a 3-1/2-month high of 92.506 on March 10. The 10-year yield steadied near 1.54% after falling from a one-year high of 1.625%.
Dollar moves that follow Treasury yields affect the relative price of dollar-denominated grains and oilseeds for overseas importers.
reuters.comMar 10, 2021After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% 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.
