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The dollar index fell to 103.30 as traders weighed data showing easing US inflation. October PCE prices rose 3% year on year, and Fed policymakers signalled that rate hikes are likely over.
The dollar had its weakest monthly performance in a year in November.
Expectations that rates have peaked weaken the dollar, which tends to support dollar-priced commodities. The move has a modest, indirect effect on feed costs.
malaymail.comDec 1, 2023After 1,637 past bearish macro events, DXY moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.
