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The US dollar index hit a two-week high of about 97.85 and the pound slumped after the Bank of England voted by a razor-thin margin to keep rates unchanged. Markets were also weighing a strong US jobs report, a softer labour data run, and the expected transition to a new Federal Reserve chair.
A firmer dollar and a weaker pound are macro currency moves that can make dollar-priced commodities relatively more expensive for non-US buyers, though the direct effect on feed prices is small.
cnbc.comReutersFeb 5, 2026Not enough comparable past events yet for a historical read.
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.
