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U.S. October inflation rose 0.4% month over month, above the 0.3% forecast, while core inflation increased 0.3%, also exceeding expectations. The stronger data lifted expectations of Fed rate hikes and the U.S. dollar strengthened against major currencies.
Higher expected U.S. interest rates can support the dollar and weigh on dollar-denominated agricultural commodities by making them more expensive for buyers using other currencies.
fxempire.comVladimir ZernovNov 10, 2026After 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.
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.
