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The dollar held steady after a core U.S. producer price reading showed underlying inflation moderated further in September. Markets took this to mean the Federal Reserve is likely done raising interest rates.
Expectations that the Fed has finished hiking tend to ease pressure on the dollar, which can support dollar-priced commodities. The effect on feed markets is indirect and modest.
reuters.comHerbert LashOct 11, 2023After 23 past neutral report events, DXY moved a median +0.1% over 5 sessions (57% higher; middle half -0.2% to +0.4%), and +0.5% 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.
