
The dollar index rose about 0.19% after better-than-expected US data, including September JOLTS job openings at a 4-month high of 7.523 million and factory orders up 1.8% m/m. The Chinese yuan fell to a 1.5-week low after the PBOC raised the foreign reserve requirement ratio, while crude oil dropped to a 2-week low.
A firmer dollar and a weaker yuan tend to weigh on dollar-priced grain and oilseed demand from China, while markets now price a high probability of a Fed rate hike in December, which keeps financing costs elevated for commodity traders.
After 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 362 past bearish macro events, USDCNY moved a median -0.1% over 5 sessions (42% higher; middle half -0.4% to +0.1%), 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.