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The dollar rose across the board on Wednesday, reaching a six-month high against the yen after Fed Chairman Powell gave an upbeat US economic outlook and signaled steady rate hikes. The euro dipped to $1.1653.
Firmer dollar on Fed hike expectations weighs on dollar-priced commodities and strengthens import currencies' purchasing cost, a modest bearish signal for feed prices.
en.amwalalghad.comAmwal Al Ghad EnglishJul 18, 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.
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.
