
The US Dollar Index turned positive after Federal Reserve Governor Christopher Waller said a 50-basis-point rate hike in December was possible if inflation stayed high. Investors were awaiting October CPI data, which the article said would lack a year-over-year comparison because data collection had been disrupted the previous year.
Hawkish rate expectations can support the dollar, potentially raising the local-currency cost of imported feed and other commodities for non-US buyers.
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.