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The U.S. Dollar Index edged lower as falling crude prices eased inflation concerns following signs that further U.S. strikes on Iran were unlikely. Strong October payrolls and market expectations of a December Fed rate hike provided support for the dollar.
Lower energy prices can ease input-cost pressure and reduce inflation-driven support for tighter monetary policy, weighing on the dollar. Strong employment data and rate-hike expectations partly offset that pressure; a weaker dollar can make dollar-priced feed imports more expensive in other currencies.
fxstreet.comAkhtar FaruquiNov 9, 2026After 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.
After 565 past bearish macro events, Crude Oil (WTI) moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), and -0.5% over 20.
After 312 past bearish macro events, Crude Oil (Brent) moved a median -1.7% over 5 sessions (38% higher; middle half -5.4% to +2.3%), and -1.7% 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.
