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Sterling rose above $1.37 for the first time since 2018 as risk appetite improved and the pound gained on UK-specific optimism. The move was attributed to relief that Brexit had not caused chaos and to reduced expectations of negative rates.
Janet Yellen's call for big spending weakened the dollar.
A weaker dollar tends to support dollar-denominated commodity prices, but the currency move is a weak signal for feed markets. The main drivers are macro rather than agricultural.
financialpost.comReutersJan 20, 2021Not 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.
