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The US dollar rose on Wednesday as markets adjusted to vaccine hopes and higher Treasury yields, with the 10-year yield rising to 0.972% from 0.82%. The dollar gained about 0.5% against a basket of currencies, and the euro hit a one-week low.
A stronger dollar on higher US yields tends to weigh on dollar-denominated commodity prices, while the shift away from safe-haven flows is a macro factor for grain and oilseed markets.
cnbc.comReutersNov 11, 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.
