
MUFG said the US Dollar had rebounded, taking the dollar index back above 102 after post-election losses. Stronger labor-market data have reinforced expectations of further Federal Reserve tightening, while markets await US inflation data for signs of energy-price spillovers.
A firmer dollar can raise the local-currency cost of dollar-priced feed commodities for importers outside the United States. Further dollar gains may depend on whether inflation data deliver a hawkish surprise.
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.
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.