
The US Dollar Index pared earlier losses on Thursday, trading near 101.50 after bouncing from lows of 101.20. Solid ADP employment and ISM services data kept the dollar supported as markets shifted focus from the midterm results.
Traders still expect the Federal Reserve to hike rates in December.
A firmer dollar makes US-priced feed commodities and imports more expensive for buyers in other currencies, which can cap export demand. The move is modest, so the near-term effect on feed prices is small.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% 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.