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The dollar index slipped after US second-quarter GDP grew at a 4.1% annualized pace, in line with forecasts. Year-over-year growth of 2.8% was below expectations, and trade frictions were seen as a drag on the second half.
Strong US growth supports the dollar, but the softer year-over-year figure and trade concerns limit the move, leaving little clear pressure on dollar-priced feed ingredients.
cnbc.comReutersJul 27, 2018After 359 past neutral macro events, DXY moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% 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.
