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The US dollar is down against almost every major and emerging-market currency in 2017, having fallen about 15 percent from its euro peak last December. Weak inflation has reduced hopes for further Fed rate hikes, and expectations for Trump-era growth policies have reached a low.
A persistently weak dollar supports dollar-priced commodities and improves foreign buyers' purchasing power, a mildly bullish factor for US feed exports if the trend continues.
scmp.comArif HusainSep 29, 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.
After 151 past bullish macro events, Corn moved a median +0.2% over 5 sessions (57% higher; middle half -0.9% to +1.4%), and -0.3% over 20.
After 123 past bullish macro events, Soybeans moved a median +0.3% over 5 sessions (60% higher; middle half -1.0% to +1.8%), 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.
