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The week ahead featured German inflation data, the Fed meeting and the US jobs report. The 10-year Treasury yield broke 3%, and the dollar was driven by rate differentials.
The ECB was described as in a wait-and-see stance.
Rising US yields and a firmer dollar tend to pressure dollar-priced commodities, while data-driven central bank moves add volatility to feed-ingredient import costs outside the US.
exchangerates.org.ukJames ElliotApr 30, 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.
