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Will Corn price jump higher if the US Dollar Falls?

Oct 9, 2019 (11:31)

by John Knobel

US Federal Open Market Committee (FOMC) Meeting Minutes Due Tonight at 18:00 GMT

The release of the September meeting minutes will give investors and traders insight into the thinking behind the September interest rate cut;
Traders will read through the minutes to find clues about the future direction of interest rates;
The release of the September meeting minutes will be a main driver for the USD price direction over the next 72 hours;

Moves in the US Dollar Tend to Effect Commodity Prices

a stronger USD can hold down the price of corn; while,
a weaker USD can boost the price of corn;
a weaker USD creates more demand for USD priced commodities making these commodities cheaper for non-USD buyers;

Source: FXGM / Bloomberg

The original content of this Market Update is done in the English language. Any other language translation is provided for the sake of convenience. In case of any inconsistencies between the original English version and any other language, the original English version shall prevail.

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