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Fed Chairman Powell said the strong US economy will keep interest rate hikes coming, with the key rate now in a 1.75 to 2 percent range after hikes in March and June. The Fed has raised rates several times since 2015.
Higher US rates strengthen the dollar, which tends to weigh on dollar-priced grains and oilseeds and on emerging-market currencies that buy them.
apnews.comMARTIN CRUTSINGERJul 17, 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.
