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The dollar rose on bargain hunting after President Trump criticized U.S. trade partners. Attention was drawn away from the Federal Reserve's policy decision, which was expected to leave interest rates unchanged at the close of its two-day meeting.
A firmer dollar makes U.S. feed grains and meal less competitive in export markets, which can pressure corn, soybean and meal prices slightly.
reuters.comFeb 1, 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.
