
The U.S. dollar held near a one-and-a-half-year high against the euro and a seven-month high against the Australian dollar. Strong U.S. October employment data lifted market expectations of a Federal Reserve rate increase in December.
A stronger dollar can increase the local-currency cost of imported feed commodities for buyers outside the United States. Higher expected U.S. rates support the dollar and may weigh on currencies of competing exporters.
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.
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.