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The US dollar hit a 13-month high against major currencies as traders priced in Fed rate hikes and sought safe haven amid a tech stock selloff. Markets assigned about a 35% chance of a July Fed hike, up from 9% a week earlier.
A firmer dollar on hawkish Fed bets tends to weigh on US commodity prices and strengthens importing currencies' cost pressure, while risk-off flows add volatility to grain and oilseed markets.
marketscreener.comReutersJun 24, 2026After 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.
