Loading…
The US dollar rose on Wednesday to a one-year high against the yen and multi-month highs against other currencies. Investors bet that fiscal stimulus and aggressive vaccinations would help the United States lead the global pandemic recovery.
A stronger dollar makes US commodity exports pricier for foreign buyers and weighs on dollar-denominated grain and oilseed prices, while weaker Asian currencies raise import costs for feed buyers.
reuters.comGertrude Chavez-DreyfussMar 31, 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.
