Markets are pricing about a 73% chance of a Fed rate hike in December and are awaiting the US employment report. The dollar index was near 101.8 after rising volatility ahead of the US midterm elections.
Falling oil prices on US-Iran diplomacy reduced safe-haven dollar demand.
A stronger dollar on expected Fed tightening usually weighs on dollar-priced commodities and raises import costs for emerging-market feed buyers. Oil-driven safe-haven flows are a secondary factor.
After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% 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.