The dollar held near a two-week high after stronger-than-expected October US inflation data and hawkish comments from Federal Reserve officials raised expectations of a rate increase next month. Futures priced in a 91.9% chance of a quarter-point hike and a 9.1% chance of a half-point move.
A firmer dollar can make dollar-denominated agricultural commodities more costly for overseas buyers, potentially limiting demand and pressuring prices.
Not enough comparable past events yet for a historical read.
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.
Not enough comparable past events yet for a historical read.
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.