The US dollar traded near a one-month low as oil fell to a nearly four-week low and investors awaited US midterm results. Brent settled at $103.60 per barrel, its lowest close since October 7.
Foreign exchange strategists expect the dollar to weaken in the coming months, though they flag the risk it stays strong longer.
Lower oil and a softer dollar reduce inflation pressure and can support dollar-priced commodities. Energy costs also feed into freight and fertilizer, which affect feed input prices.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.