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The dollar index eased to about 101.76 after touching a one-month low on Monday. Brent crude fell more than 7% in the prior session after Tehran said diplomatic contacts with Washington to end the conflict were continuing.
The US 10-year Treasury yield held near 4.91% after falling to a two-month low.
Lower oil prices ease inflation concerns and weaken the dollar, which can support dollar-priced commodities and reduce energy and fertiliser cost pressure on feed production. The move depends on whether the Iran diplomacy holds.
businesstoday.com.myNov 3, 2026After 1,637 past bearish macro events, DXY 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, 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.
