
The Bloomberg Dollar Spot Index fell 1.3% in the week, its biggest weekly drop since April 10, and sat near its weakest level in over a month. Traders had raised bullish dollar bets ahead of the Fed meeting, and that positioning was reported to be the most bullish since 2014 as of Tuesday.
A weaker dollar makes USD-priced grains, oilseeds and meals cheaper for non-US buyers, which can support export demand and firm futures prices.
After 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.