
Markets were awaiting the October U.S. CPI release, while expectations of a Federal Reserve rate increase in December approached 80%. Stronger employment data and a rise in core PCE inflation to 3.1% from 3.0% were cited as factors supporting those expectations.
Expectations of higher U.S. rates could strengthen the dollar against the baht, raising the local-currency cost of dollar-priced feed imports for Thai buyers. The CPI release could shift that currency pressure depending on the result.
Not enough comparable past events yet for a historical read.
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.