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The dollar hit a fresh one-year high against the yen and held near multi-month peaks against other currencies on Wednesday. Traders cited expected US fiscal stimulus, accelerated vaccinations and a jump in US Treasury yields, with the dollar index holding above 93.
A firmer dollar and higher US yields tend to pressure dollar-priced agricultural commodities and can make import-dependent feed purchases in yen and other weak currencies more expensive.
brecorder.comReutersMar 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.
