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The U.S. dollar index fell more than 0.1% on June 21, 2019 to 96.50, its lowest since June 7, extending losses for a third day. The 10-year Treasury yield fell to about 1.97%, its lowest since November 2016.
The dollar lost more than 0.9% over the week.
Falling Treasury yields and expectations of Fed cuts reduce the dollar's appeal and support dollar-priced commodities. The weekly dollar decline improves the relative cost of U.S. feed exports for foreign buyers.
economies.comRami HaddadJun 21, 2019After 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.
