
Economist Ahmed Khattab attributed the dollar's fall against the Egyptian pound to improved foreign currency inflows and returning foreign investment after about $3.5 billion left in October. He also linked the move to a weaker global dollar following the US midterm elections and lower US Treasury yields.
A softer dollar tends to support dollar-denominated commodity prices, while stronger EGP inflows improve Egypt's ability to pay for imported feed. The effect on feed ingredient prices is modest.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
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.