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The US Dollar Index fell nearly 0.4% on Monday, slipping below 102, as improving risk appetite and prospects for renewed US-Iran peace talks weakened demand for the dollar as a safe haven. Lower oil prices also supported sentiment, while expectations of a December Federal Reserve rate hike were seen as limiting further dollar losses.
A weaker dollar can support dollar-denominated agricultural commodity prices for buyers using other currencies, while lower oil prices ease energy-cost pressures. The story is primarily driven by shifting risk sentiment and monetary-policy expectations rather than a direct change in feed supply or demand.
fxstreet.comGuillermo AlcalaNov 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.
