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Reuters reported that expected inflation tied to Donald Trump's election win pushed the dollar to its best week in a year. The article text provided is limited to the headline and page header.
A stronger dollar lowers the dollar price of US feed exports and makes imports cheaper for foreign buyers, which can pressure US corn, soybean and meal prices. Rising inflation expectations also tend to lift interest rates and borrowing costs.
reuters.comNov 11, 2016After 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.
The dollar's best week in a year on Trump-driven inflation expectations built the early part of the window's gain.
