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The dollar finished October with its second-best month of 2025, with the Bloomberg Dollar Spot Index up 1.7% for the month. The move reflected a lack of official US data and Powell's comment that another rate cut this year is far from certain.
A stronger dollar on a data-driven rate outlook tends to weigh on US commodity export prices and make foreign feed purchases more expensive.
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.