
The dollar has surrendered most of its previous week’s gains as risk appetite recovered and energy prices fell. ING expects October core CPI to rise 0.3% month over month, slightly above consensus, which could support the dollar and near-term US interest rates.
A firmer dollar can raise the cost of US commodities for overseas buyers and weigh on dollar-denominated prices. The article describes a modest potential currency driver, not a direct change 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.
After 533 past bearish macro events, Euro (USD per EUR) moved a median -0.3% over 5 sessions (33% higher; middle half -1.2% to +0.2%), and -0.5% 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.