The U.S. dollar index rose 0.33% for the week to about 102.28, while the euro, pound and Australian dollar weakened; the dollar also gained against the yen and Canadian dollar. A stronger-than-expected U.S. payrolls report on Friday revived expectations of a December Fed rate hike and pushed the dollar index up 0.77% that day.
Stronger U.S. rate expectations supported the dollar and widened interest-rate differentials, potentially increasing the local-currency cost of imported feed and other commodities for buyers outside the United States.
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.
After 533 past bearish macro events, Euro (USD per EUR) moved a median -0.3% over 5 sessions (33% higher; middle half -1.2% to +0.2%), and -0.5% over 20.
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.