Loading…
The dollar fell to its lowest level in nine months, erasing the post-election 'Trump bump' and more. The euro, pound and Canadian dollar rallied on expectations of tighter monetary policy abroad.
Higher foreign yields relative to US yields are making dollar bulls' position harder.
A weaker dollar makes dollar-priced commodities cheaper for non-US buyers, which tends to support US feed grain and meal prices. Persistent dollar weakness can also lift export demand for US feed ingredients.
bloomberg.comKatie GreifeldJun 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.
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.
