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The dollar rose modestly against a basket of world currencies on December 31, but was still on track for its worst year since 2017. Investors had been shunning the greenback on expectations of further US fiscal aid and easy Federal Reserve policy.
A firmer dollar makes dollar-priced commodities more expensive for foreign buyers, a small headwind for feed prices, though the broader trend remains weak dollar and supportive for commodities.
reuters.comStephen CulpDec 31, 2020After 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.
