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A MarketWatch piece says the dollar fell about 8% against major rivals in 2017 and may face headwinds in 2018, especially from a resurgent yen. It notes Fed rate hikes and possible dot-plot increases support the dollar while other central banks lag.
A weaker dollar tends to support US commodity prices in global markets and can improve export competitiveness for feed ingredients. The outlook is currency commentary without a new supply or demand shock.
marketwatch.comAnneken TappeDec 15, 2017After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.
