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The dollar traded near a 2.5-week high against major peers as faster US inflation boosted the case for earlier Fed rate hikes. The yen weakened after the ruling LDP held its majority in Japan's weekend election, reducing political uncertainty.
The Fed was widely expected to announce a taper of stimulus.
Stronger dollar and yen weakness together raise import costs for dollar-priced feed ingredients in yen-based markets.
financialpost.comReutersNov 2, 2021After 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.
