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The dollar fell to a more than three-month low against the yen after the Federal Reserve signaled fewer rate hikes over the next two years and cut its growth and inflation forecasts. The dollar index dropped to a one-month low, and the Swedish crown rose after its central bank raised rates for the first time in over seven years.
Weaker dollar expectations are a mild tailwind for dollar-priced commodities, but the effect on feed prices is indirect and small.
cnbc.comReutersDec 20, 2018After 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.
Not enough comparable past events yet for a historical read.
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.
