
ING's FX daily says pricing for an October Fed hike fell below 50% after weak US consumer sentiment and JOLTS job openings data. The dollar still rose, as rising long-dated yields kept weighing on risk sentiment and higher-beta currencies.
A stronger dollar makes US commodity exports more expensive for overseas buyers and can weigh on dollar-denominated grain and meal prices. Shifting Fed expectations keep the currency outlook volatile for importers.
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.