The dollar held near six-week highs as traders weighed a possible near-term deal to end the Middle East war. Fed funds futures priced about 50% odds of a rate hike by October.
Consumer sentiment fell to a record low in May on surging gasoline prices.
Rising rate-hike odds and a firmer dollar tend to pressure dollar-denominated commodity prices, while energy-driven inflation keeps feed and freight costs elevated.
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.