
The DXY dollar index fell 0.19% to 101.68, its lowest in a month, ahead of US midterm elections and central bank decisions in several countries. Brent futures fell more than 4% on growing hopes for a diplomatic solution to the US-Iran conflict.
A softer dollar supports dollar-denominated commodity prices, while lower oil reduces biofuel and freight cost support for oilseed and feed markets.
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.
After 312 past bearish macro events, Crude Oil (Brent) moved a median -1.7% over 5 sessions (38% higher; middle half -5.4% to +2.3%), and -1.7% 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.