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The dollar fell to a 15-month low, down nearly 13% from last year's two-decade high, after softer-than-expected US inflation data. Risk assets globally were expected to benefit as the dollar declined.
A sustained dollar decline eases financial conditions for emerging markets and can lift dollar-priced commodities. Weaker dollar support is a supportive backdrop for grain and oilseed prices.
reuters.comSaqib Iqbal AhmedJul 14, 2023After 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.
