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The dollar rose the most in years against a basket of major currencies the day after the US election and kept climbing. Investors reacted to the policies proposed by the president-elect, and forecasters revised their outlooks for the dollar.
A stronger dollar makes dollar-priced commodities more expensive for foreign buyers, which tends to weigh on US export demand and grain and meal prices.
nytimes.comNov 14, 2024After 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.
