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The dollar index rose 0.51% to 90.61 after the Fed left rates unchanged, reversing earlier declines. Traders trimmed bets on stimulus delays and the size of Biden's $1.9 trillion package.
A stronger dollar makes US commodities more expensive for overseas buyers, which is mildly bearish for export-linked grain and meal prices.
cnbc.comReutersFeb 1, 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.
