
The US dollar index was flat as it paused after gains driven by higher US yields and hawkish Fed commentary following hotter-than-expected CPI data. USD/JPY was looking to retest 160.00 after briefly breaching it and retreating, prompting intervention speculation.
Attention turned to upcoming US PPI data.
A firmer dollar and higher US yields reduce the appeal of dollar-priced commodities and can pressure export demand for US feed grains, though the move is a routine FX update with no new supply or demand cause.
Not enough comparable past events yet for a historical read.
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.