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An MNI market note reports broader selling of the US dollar emerging in the European session. The wider context covers Fed communications and the September FOMC minutes, which showed a split on how much further tightening was needed.
Softer PCE inflation and payrolls data had reduced urgency for another hike.
Dollar weakness on reduced hike expectations supports dollar-priced commodities and can ease import costs for buyers abroad. The effect on feed prices is modest without a larger rate shift.
mnimarkets.comFabrice Ben HassineNov 2, 2026After 1,637 past bearish macro events, DXY moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.
