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The US dollar fell as Treasury yields hit new lows and traders priced in Fed rate cuts, lifting the euro to a three-week high. Wall Street benchmarks fell about 4% and the 10-year yield reached a record low near 1.25%.
A weaker dollar tends to support dollar-denominated grain and oilseed prices and can improve export competitiveness for US commodities. Equity and bond weakness also reflects broader risk-off sentiment.
devel.btimesonline.comJet EncilaFeb 28, 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.
After 388 past bullish macro events, Euro (USD per EUR) moved a median +0.3% over 5 sessions (62% higher; middle half -0.4% to +1.1%), and +0.1% 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.
