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Bloomberg reports that the U.S. dollar remains strong despite Trump blaming the Federal Reserve for not cutting rates further. Real yields suggest investors fearful of the trade war are supporting the greenback.
A firm dollar weighs on dollar-priced commodities and makes US exports less competitive, which can pressure soybean and grain prices for feed buyers.
bloomberg.comMasaki Kondo, Hiroko KomiyaAug 20, 2019After 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.
