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Sterling rose 0.4% against the dollar to $1.3661, its highest level since February 16. The dollar index fell 0.2% to 98.61.
The move reflected a fading dollar.
A softer dollar index tends to support dollar-priced commodities and lowers dollar costs for non-US feed buyers. The move is a routine FX change with no supply effect.
reuters.comSamuel IndykSep 1, 2026Not enough comparable past events yet for a historical read.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.
