
The dollar rose against the yen on May 22, holding just below a six-month high. Investors were watching for signals on whether the Fed would keep hiking and for progress on a debt ceiling deal.
Currency moves like this tie into commodity pricing through the dollar index, and a firmer dollar tends to weigh on dollar-denominated export prices. The impact on feed markets is indirect and modest.
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.
After 169 past neutral macro events, Chinese Yuan (CNY per USD) moved a median +0.0% over 5 sessions (50% higher; middle half -0.3% to +0.2%), and -0.0% 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.