
The US dollar slid after concerns over a budget bill and a weak 20-year Treasury auction. Safe-haven flows lifted the yen and Swiss franc after reports that Israel may prepare strikes on Iranian nuclear sites, and sterling reached its highest since February 2022.
Dollar weakness tied to fiscal worries and geopolitical risk can support dollar-priced commodities for foreign buyers, while the Middle East tension adds energy-price risk that feeds into feed costs.
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.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.