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Strategists quoted by the Financial Times expect the US dollar to fall toward the end of 2020, reversing its record surge during the March stress. The dollar remains unusually strong a month after the peak, and large US rate cuts are seen as a drag on it.
A forecast dollar decline would support dollar-priced grains, oilseeds and meals by making them cheaper for overseas buyers. The view is a forecast rather than a new supply or demand event, so its price effect is limited.
financialpost.comFinancial TimesApr 22, 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.
