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The S&P/ASX 200 fell 55.2 points to 8,911.1 after hawkish Fed comments pushed the 2-year US Treasury yield up 13.2 basis points. The US dollar index rose sharply, and gold and materials stocks declined.
A sharp dollar rally after hawkish Fed signals weighs on dollar-priced commodities and commodity equities. For feed markets, the effect is a broad macro headwind rather than a direct supply change.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.