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The US dollar climbed against the yen and held firm against other majors after Fed officials said rates must keep rising, though possibly at a slower pace. The dollar index was near 107.00 after a 3.9% fall the prior week.
Markets priced an 89% chance the Fed would slow to a half-point hike in December.
A firmer dollar makes dollar-priced grains, oilseeds and feed ingredients more expensive for non-US buyers, which can weigh on export demand. The rebound follows the sharp fall triggered by inflation data.
brecorder.comReutersNov 15, 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.
