The US dollar weakened on Monday as recovering equity markets and improved risk appetite reduced demand for defensive assets, partly reversing its gains after strong US employment data. The dollar index fell about 0.3%, while the euro, pound, Australian dollar and other risk-sensitive currencies rose; markets continued to price in a high chance of a December Federal Reserve rate increase.
A weaker dollar can lower the dollar-denominated cost of imported feed commodities for buyers using other currencies, although expectations of higher US rates may limit the move. This is a currency-market driver, not a reported change in commodity supply or demand.
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.
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.
Not enough comparable past events yet for a historical read.
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.