The weekly outlook said New York currency markets would focus on whether the technology-stock correction continues and on the US October CPI release as investors assess the likelihood of a December Federal Reserve rate hike. The dollar rose for a second consecutive week, supported late in the week by stronger-than-expected US employment data; the report also noted declines in the euro and pound against the dollar and a rise in the offshore dollar-yuan rate.
A stronger dollar can increase the cost of dollar-priced feed imports, while currency moves also affect exporters’ competitiveness. The outlook highlights upcoming inflation data and rate expectations rather than a new agricultural-market driver.
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.
After 398 past bullish macro events, Chinese Yuan (CNY per USD) moved a median +0.0% over 5 sessions (56% higher; middle half -0.3% to +0.5%), and +0.0% 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.