The dollar index rose to 103.37, its highest since April 2025, and the yen traded near 159.70 per dollar. The euro fell to 1.103 dollars, its lowest since April 2025, after two-year Treasury yields jumped about 34 basis points in the week.
Traders now price roughly a 90 percent chance of a December Fed rate hike, which strengthens the dollar and weighs on currencies of major importers and exporters. A stronger dollar tends to pressure US commodity prices in dollar terms while making imports such as feed ingredients more expensive for emerging-market buyers.
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.