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The dollar index gained 1.25% in the week, its largest weekly gain of the year. Markets increasingly expect a Fed rate hike in December and further hikes in 2018, and US tax reform steps advanced in Congress.
Expectations of tighter US policy and a stronger dollar tend to weigh on US grain and oilseed export competitiveness and dollar-denominated prices. The effect on feed input costs is indirect but持续 relevant over the coming months.
investing.comOct 27, 2017After 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.
