
The dollar index eased 0.1% to 102.11 on Monday after gaining about 0.7% on Friday, when US October payrolls rose by 165,000 and unemployment fell to 4.1%. The stronger labor data increased expectations of a December Fed rate hike, while the New Zealand dollar rebounded 0.8% following the country’s election and improving risk sentiment.
Higher expected US interest rates tend to support the dollar, which can pressure dollar-priced agricultural commodities for overseas buyers. The currency and interest-rate moves do not indicate a direct shift in feed supply or demand.
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.
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.