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The euro extended recent declines and hit its lowest level since 2016 against sterling. The dollar index rose as Federal Reserve Chair Jerome Powell said he supported a 25-basis-point rate hike that month.
Investors also worried about rising oil prices after Russia's invasion of Ukraine.
Expectations of Fed tightening strengthen the dollar, which weighs on dollar-priced grain and meal values, while higher oil prices raise energy and freight costs for feed producers.
reuters.comCaroline Valetkevitch3 mrt 2022Na 533 eerdere neerwaarts macro-gebeurtenissen bewoog Euro (USD per EUR) zich mediaan -0,3% over 5 sessies (33% hoger; middelste helft -1,2% tot +0,2%), en -0,5% over 20.
Na 2.356 eerdere opwaarts macro-gebeurtenissen bewoog Amerikaanse dollar (breed) zich mediaan +0,2% over 5 sessies (60% hoger; middelste helft -0,3% tot +0,7%), en +0,4% over 20.
Bewegingen van de benchmark van elke grondstof sinds de laatste slotkoers vóór de gebeurtenis. Historische waarden bundelen eerdere gebeurtenissen van hetzelfde soort; ze beschrijven wat er gebeurde, niet wat zal gebeuren. Geen beleggingsadvies.
On 2022-03-03 the euro extended losses while the dollar firmed on Powell's support for a 25bp hike and oil worries, adding to dollar strength and euro weakness.
Powell's support for a 25bp hike and oil worries pushed the dollar higher on March 3 while the euro weakened.
