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The U.S. dollar fell broadly in the week to April 14 after a two-week advance. Heightened geopolitical risk from U.S. strikes on Syria and Afghanistan and a movement of an aircraft carrier group toward North Korea drove the decline.
Trump's comments about the dollar's strength also surprised markets.
Geopolitical and policy-driven dollar weakness can lift dollar-priced grain and oilseed values for overseas buyers, though risk-off flows can reverse the effect quickly.
marctomarket.comApr 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.
