
The US Dollar Index fell 0.62% to 101.68 as the dollar weakened against major currencies. Easing concerns about escalation in Iran and a shift toward riskier assets weighed on safe-haven demand for the dollar; Brent crude also fell nearly 6% to $92.57 a barrel.
A weaker dollar can support dollar-denominated commodity prices, while the drop in crude may ease energy and freight cost pressures for feed supply chains.
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 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.