# Keep calm, but watch the carry | Convera

> Global equities rebounded toward record highs while the US dollar index fell near a one-month low on rising bets of a December Fed cut. Japanese bond yields reached their highest since 2007, raising concerns about a yen carry trade unwind, and Germany faces a key coalition vote.

- Date: 2025-12-05 · published 2025-12-05T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/8060-keep-calm-but-watch-the-carry-convera
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A weaker dollar tends to support dollar-denominated grain and oilseed prices, while carry-trade volatility could add short-term swings across FX and commodity markets.

## Read by commodity

- DXY: bearish ▼
- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-11-15 | [Goldilocks back on the table \| Convera](https://feedsoft.ai/events/10105-goldilocks-back-on-the-table-convera.md) | -0.9% | -0.2% |
| DXY | 2026-01-28 | [Why the Rand Hit R16.00 and What Could Keep it There](https://feedsoft.ai/events/21342-why-the-rand-hit-r16-00-and-what-could-keep-it-there.md) | +0.4% | +0.3% |
| DXY | 2018-06-13 | [Fed rate hike said in the bag, but watch for what could be the biggest policy shift in almost three years - Financial Post](https://feedsoft.ai/events/64712-fed-rate-hike-said-in-the-bag-but-watch-for-what-could-be-the-biggest-policy.md) | +1.3% | +0.6% |
| DXY | 2018-01-25 | [A Doomsayer's Guide to the Dollar and Why It Could Keep Plunging - Bloomberg](https://feedsoft.ai/events/10402-a-doomsayer-s-guide-to-the-dollar-and-why-it-could-keep-plunging-bloomberg.md) | -0.3% | +0.7% |
| DXY | 2020-03-03 | [Fed and the FX markets: Tainted carry \| articles \| ING THINK](https://feedsoft.ai/events/7170-fed-and-the-fx-markets-tainted-carry-articles-ing-think.md) | +0.3% | +5.5% |
| CORN | 2021-05-06 | [Commodities are buoyant but supply concerns are still a worry \| articles \| ING THINK](https://feedsoft.ai/events/7728-commodities-are-buoyant-but-supply-concerns-are-still-a-worry-articles-ing-think.md) | +0.6% | -5.8% |
| CORN | 2021-04-16 | [Brighter Days Ahead For Barged Commodities - The Waterways Journal](https://feedsoft.ai/events/47778-brighter-days-ahead-for-barged-commodities-the-waterways-journal.md) | +5.1% | +18.3% |
| CORN | 2018-03-01 | [Corn, soy costs ‘as good as it gets,’ but for how long? \| WATTAgNet \| WATTPoultry.com](https://feedsoft.ai/events/66155-corn-soy-costs-as-good-as-it-gets-but-for-how-long-wattagnet-wattpoultry-com.md) | +0.8% | +1.3% |

## Sources

- convera.com: https://convera.com/blog/market-insights/fx-research/weekly-fx-report/keep-calm-but-watch-the-carry/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.