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The dollar was set for its best week in over a month on November 4, 2022, as expectations grew that US rates could peak higher. Sterling fell after the Bank of England signaled borrowing costs would rise less than investors expected, with the dollar index near 112.90.
A firmer dollar raises the cost of dollar-priced commodities such as grains and feed for non-US buyers. Sterling weakness adds to UK feed import costs.
finance.yahoo.comRae WeeNov 4, 2022After 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.
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.
