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The dollar index held below 102 at 101.67 on November 2, as investors awaited the US midterm elections and October jobs report. Q3 GDP grew 3.4% annualized, while September PCE inflation rose 3.6% year over year.
A soft dollar amid firm growth and elevated inflation keeps dollar-priced commodities supported. Feed buyers in importing markets see modest relief on currency-driven costs.
After 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.
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.