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The US dollar surged to its strongest level since March as investors priced in a Donald Trump administration and higher inflation expectations. Ten-year Treasury yields topped 2 percent, and the dollar gained against most major peers after having weakened sharply against the yen on election night.
A stronger dollar and higher US yields lower the dollar value of US grain and meal exports and raise financing costs for global feed buyers. Expectations of Fed rate increases reinforce this pressure.
businesstimes.com.sgNov 10, 2016After 2,356 past bullish macro events, DXY moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
Not enough comparable past events yet for a historical read.
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 rose to its strongest since March as 10-year yields topped 2%, which is part of the early window move.
