Trump tailwind, in form of weaker dollar, propels ags higher
From the Trump bump to the Trump slump.
The dollar, having hit a 14-year high of 103.82 against a basket of currencies just before Donald Trump became US president, amid ideas of reforms which would boost economic growth, extended its retreat on Wednesday, falling below 97.5. (that represented a drop of 7% from the January high.)That set fresh six-month lows. For the first time this week, the dollar has traded lower than before Mr Trump was elected. The good news for exporters of assets denominated in dollars, such as many commodities, is that a weaker greenback makes such goods more affordable, tending to bring upward pressure on prices.
More: http://www.agrimoney.com/marketreport/trump-tailwind-in-form-of-weaker-dollar-propels-ags-higher–4099.html