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The dollar rose on 22 October as sterling fell after Prime Minister May repeated her opposition to the EU's Irish border proposal. The euro also weakened on Italian budget concerns, and the dollar index was at 96.00.
Moody's had downgraded Italy but kept a stable outlook.
A firmer dollar on political risk in Europe and the UK tends to pressure dollar-denominated grain and meal prices and weaken the export appeal of US feed ingredients.
cnbc.comReutersOct 22, 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.
Not enough comparable past events yet for a historical read.
After 533 past bearish macro events, Euro (USD per EUR) moved a median -0.3% over 5 sessions (33% higher; middle half -1.2% to +0.2%), and -0.5% 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.
