Sterling and the euro rose as the dollar gave back some of its gains from Friday, when a technology-led selloff and stronger-than-expected U.S. payrolls had supported the greenback. U.S. payrolls increased by 165,000, and markets priced in a possibility of a Federal Reserve rate hike in December.
A pullback in the dollar can lift the cost of dollar-denominated imports for buyers using other currencies, though the article reports no direct change in feed-commodity supply or demand.
Not enough comparable past events yet for a historical read.
After 388 past bullish macro events, Euro (USD per EUR) moved a median +0.3% over 5 sessions (62% higher; middle half -0.4% to +1.1%), and +0.1% over 20.
After 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.
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.