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The US Dollar Index hovered just below 102.00, drawing mild support from renewed hostilities in Iran after US forces struck Qeshm Island in the Strait of Hormuz. Strong ISM manufacturing data released Monday and uncertainty over the US midterm elections kept gains limited.
Iran-related strikes lift oil prices, which supports the dollar as a safe haven and raises input and freight costs for feed buyers. Limited dollar gains mean the currency effect on feed prices is modest for now.
fxstreet.comGuillermo AlcalaNov 3, 2026After 2,356 past bullish macro events, DXY moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
After 484 past bullish macro events, WTI moved a median +1.0% over 5 sessions (61% higher; middle half -1.9% to +4.1%), and +1.5% 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.
