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The dollar index slipped 0.2% to 96.311 ahead of US midterm elections and a Federal Reserve policy meeting. Sterling rose on reports of a Brexit deal, and sanctions against Iran took effect that Monday.
A softer dollar supports dollar-priced commodities, but the move was small and reflected event positioning rather than a fundamental shift in feed supply or demand.
marketwatch.comAnneken Tappe,Barbara KollmeyerNov 5, 2018After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.
