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Asian shares fell and the dollar rose in early trading after the Fed pledged to keep rates near zero until inflation moderately exceeds its 2% target. The Fed did not offer additional stimulus, and tech shares underperformed.
Low-for-longer US rates and risk-off moves shape dollar strength, which affects the relative cost of US feed commodities for foreign buyers. The impact on feed prices is indirect and modest.
btimesonline.comHideyuki SanoSep 17, 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.
