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The euro and yen were trading near valuations not seen for years as dollar weakness spread across currency markets. The article says the dollar's decline is creating difficulties for central banks in other countries.
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A weaker dollar generally supports dollar-priced commodities and makes US exports cheaper for foreign buyers. Stronger foreign currencies raise the local-currency cost of importing feed ingredients.
bloomberg.comGreg Ritchie, Susanne BartonJan 6, 2021After 1,637 past bearish macro events, DXY moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
After 388 past bullish macro events, EURUSD moved a median +0.3% over 5 sessions (62% higher; middle half -0.4% to +1.1%), and +0.1% 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.
