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The DXY dollar index traded near 90.68 on December 4, down about 6% year to date and near its lowest since April 2018. Analysts expected further dollar weakness in 2021, driven by vaccine progress, expected US fiscal aid and the Fed's accommodative stance.
A weaker dollar typically lifts dollar-denominated grain and oilseed prices and supports export demand, a constructive backdrop for feed costs.
cnbc.comElliot SmithDec 4, 2020After 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.
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.
