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The dollar rebounded after Federal Reserve Governor Christopher Waller said a 50-basis-point increase should be considered if core inflation remained around 0.3% month over month or higher. October core CPI came in at 0.3%, above the 0.2% forecast, and markets priced out a December hold, although a quarter-point increase remained the most likely outcome.
Repriced expectations for tighter US monetary policy can support the dollar and increase the local-currency cost of imported feed ingredients. The dollar’s gains were restrained, tempering the potential impact.
actionforex.comTD Bank Financial GroupNov 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.
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.
