
The dollar edged higher on Friday but was set to finish 2023 with its first yearly loss since 2020 against the euro and a basket of currencies. The decline accelerated after the Fed adopted an unexpectedly dovish tone at its December meeting and projected 75 basis points of cuts for 2024.
A weaker dollar makes dollar-priced grains, oilseeds and meals cheaper for overseas buyers, which tends to support US commodity prices. Markets now expect the first cut around March and roughly 158 basis points of easing by year-end.
Setelah 1.637 peristiwa makro bearish sebelumnya, Dolar AS (Luas) bergerak median -0,2% selama 5 sesi (39% lebih tinggi; separuh tengah -0,6% sampai +0,3%), dan -0,2% selama 20 sesi.
Setelah 388 peristiwa makro bullish sebelumnya, Euro (USD per EUR) bergerak median +0,3% selama 5 sesi (62% lebih tinggi; separuh tengah -0,4% sampai +1,1%), dan +0,1% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.