Loading…
World stock markets rose and the US dollar weakened after Fed Chair Janet Yellen omitted monetary policy from a closely watched Jackson Hole speech. She left open the possibility of a December rate hike.
A softer dollar tends to lift dollar-denominated commodity prices, though the effect on grain and feed markets is modest and indirect.
reuters.comAug 25, 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.
