Dollar Dominance

While the markets were busy climbing, the U.S. dollar also kept up its winning streak since the election. It’s been posting multi-year highs against some heavy-hitter agricultural trade currencies like the Chinese Renminbi, Brazilian Real, Euro, Russian Ruble, Canadian Dollar, and Mexican Peso.

Why does this matter? A stronger U.S. dollar means our products get pricier for international buyers, which can be a tough break for exports. On the flip side, it makes imported goods more affordable, potentially shifting the balance toward increased imports and decreased exports. Think of it like a home-field advantage slipping away or, in other words, like being at a Pittsburgh Steelers away game. Want to learn how Datum FS can help you anticipate commodity volatility? Learn more by exploring this website or fill out the form below.  Thanks for reading!