The U.S. dollar weakened against major currencies on Monday as investors shifted back toward risk assets amid signs that diplomatic efforts could ease the Iran conflict. The euro and sterling rose against the dollar, while the dollar index fell 0.37%; Brent crude also declined.
A softer dollar can support dollar-denominated agricultural commodities by making them cheaper for buyers using other currencies, though the article reports no direct change in feed supply or demand.
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.
After 388 past bullish macro events, Euro (USD per EUR) moved a median +0.3% over 5 sessions (62% higher; middle half -0.4% to +1.1%), and +0.1% over 20.
After 312 past bearish macro events, Crude Oil (Brent) moved a median -1.7% over 5 sessions (38% higher; middle half -5.4% to +2.3%), and -1.7% 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.