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US consumer prices rose 0.4% in October, above expectations, while core CPI increased 0.3%. Hawkish Federal Reserve comments, including support for further rate increases, lifted expectations for tighter monetary policy.
Higher expected US interest rates can support the dollar, making dollar-denominated feed imports more expensive for buyers using other currencies.
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.