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The dollar weakened on Thursday as US economic data pointed to slowing growth, while the loonie rallied as hotter Canadian inflation reduced rate-cut bets. The yen stayed near a 38-year low against the dollar.
Currency moves shift the relative cost of US and Canadian grain, oilseed and meal exports and affect feed import costs for buyers in those markets.
reuters.comJun 19, 2019Not enough comparable past events yet for a historical read.
After 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.
