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Ebury previews the Jackson Hole central bank conference, where Fed Chair Powell was expected to address the labour market and whether the Fed would adopt average inflation targeting. US durable goods orders rose 11.2% in July, beating forecasts.
Expectations of longer-lasting low US rates tend to weaken the dollar, which supports dollar-priced commodities. The effect on feed grain prices would be indirect.
ebury.comAug 27, 2020After 1,637 past bearish macro events, US Dollar (Broad) 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.
