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The dollar reached a 16-month high against a basket of currencies on bets for a Federal Reserve rate hike in December. Sterling fell about 1% on no-deal Brexit fears, and the euro weakened over Italy's budget standoff.
The dollar index was up 0.66% at 97.54.
A stronger dollar makes US grain and meal exports more expensive for importers, which can weigh on export demand and prices. The rally was driven by rate expectations and European political risk.
cnbc.comReutersNov 12, 2018After 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.
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.
