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The dollar and global equities rose on August 19 while the S&P 500 and Nasdaq hit record highs, but Wall Street pulled back after Fed minutes showed reluctance to adopt yield-curve control. The minutes also said the recovery remains highly uncertain and job gains likely slowed.
A firmer dollar and reduced expectations of Fed support are a mild headwind for dollar-priced commodities. The effect on feed prices is indirect.
sg.finance.yahoo.comAlwyn ScottAug 19, 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.
