
The dollar rose against the Swiss franc as October U.S. payroll growth exceeded expectations and unemployment declined. Markets priced in more than a 78% chance of a December Fed rate increase, while lower crude prices and political uncertainty could restrain further dollar gains.
A firmer dollar can raise the cost of dollar-denominated feed imports for buyers using other currencies. Expectations for tighter U.S. monetary policy support the dollar, while easing energy prices may limit that effect.
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 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.