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The Federal Reserve's July FOMC minutes signalled that further rate hikes are on the way, with trade tensions flagged as a concern. The minutes were released to a market already focused on the path of U.S. monetary policy.
Expected rate hikes support the dollar, which tends to pressure dollar-priced commodities and weigh on export demand for U.S. feed ingredients.
reuters.comAug 22, 2018After 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.
