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The dollar index rose above 107 for the first time since November 2022 as traders bet on Trump's tax, immigration and tariff policies. The euro fell near $1.05 and the pound dropped below $1.2650.
Expectations of renewed US inflation and slower Fed cuts are lifting the dollar, which makes dollar-denominated feed ingredients costlier for importers and pressures prices in other currencies.
marketwatch.comJamie ChisholmNov 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.
After 533 past bearish macro events, Euro (USD per EUR) moved a median -0.3% over 5 sessions (33% higher; middle half -1.2% to +0.2%), and -0.5% over 20.
Not enough comparable past events yet for a historical read.
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.
