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The dollar softened after the Bureau of Economic Analysis reported below-forecast core PCE inflation for March, raising expectations of a Fed rate cut. Volatility in G10 currencies was near five-year lows amid thin trading.
Softer inflation and rate-cut expectations weigh on the dollar, which can modestly support dollar-priced grain and meal prices.
exchangerates.org.ukElaine HoustenApr 29, 2019After 47 past bearish report events, US Dollar (Broad) moved a median -0.2% over 5 sessions (34% higher; middle half -0.8% to +0.2%), and -0.7% 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.
