MUFG’s Lee Hardman said the dollar recovered its initial post-election losses as the sell-off in AI-related equities supported safe-haven demand. He noted that a reversal in energy-price support and foreign demand for US assets could weaken the dollar, while tighter financial conditions could reduce the chance of a December Fed hike.
Dollar strength can add pressure to dollar-denominated feed commodity prices, while a potential reversal in the factors supporting the currency would ease that pressure. The comments describe market risks, not a new change in commodity supply or demand.
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.