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US stocks ended mostly lower on January 14, 2021 as the dollar drifted lower after Fed Chair Powell said rates would not rise soon and rejected near-term tapering of bond purchases. Investors were focused on the prospect of a US stimulus plan.
Dovish Fed signals weaken the dollar, which can lift dollar-priced grain and oilseed futures, while the stimulus outlook supports broader risk appetite and commodity demand expectations.
reuters.comCaroline ValetkevitchJan 14, 2021After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.
