# The Commodities Feed: USD strength, commodity weakness | articles | ING THINK

> Commodities came under pressure as the dollar strengthened ahead of the FOMC meeting, where a 75bp hike was expected. ICE Brent settled almost 1% lower, though it still gained 7.8% in October. U.S. crude output reached its highest level since March 2020.

- Date: 2022-11-01 · published 2022-11-01T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/38595-the-commodities-feed-usd-strength-commodity-weakness-articles-ing-think
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger dollar makes crude and other dollar-priced commodities more expensive for foreign buyers, which tends to weigh on prices. Rising U.S. output adds to supply pressure on crude, which affects energy costs for feed production and transport.

## Read by commodity

- DXY: bullish ▲
- WTI: bearish ▼
- BRENT: bearish ▼

## Sources

- think.ing.com: https://think.ing.com/articles/the-commodities-feed-usd-strength-commodity-weakness-01-11-22/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.