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The US dollar reached a one-year high against the yen on Wednesday and stayed near multi-month highs against other currencies. The move was tied to fiscal stimulus hopes, vaccination progress and rising US bond yields, and consumer confidence rose to its highest since the pandemic began.
A stronger dollar tends to weigh on dollar-denominated grain and oilseed prices and raises import costs for buyers in weaker-currency markets.
straitstimes.comMar 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.
