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The US dollar eased after the Trump press conference as Treasury yields softened, with crude oil recovering above $53 WTI and gold holding safe-haven gains. Fed officials gave conflicting views on 2017 rate hikes, with Harker projecting three and Bullard one.
A softer dollar tends to support US dollar-denominated commodity prices, including grains, oilseeds and meals. Uncertainty over fiscal policy and Fed path leaves the currency and commodity outlook volatile.
mynewsdesk.comMelinda Earsdon, Illka Gobius, Katy GalasinskiFeb 28, 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.
