
Hotter-than-expected October CPI and hawkish Fed comments increased the market-implied chance of a December quarter-point rate hike to 91.9%, from 84%. The dollar index held near a two-week high, while the article outlined technical levels for DXY, EUR/USD, and GBP/USD.
A firmer dollar can make U.S. exports of dollar-priced feed commodities less competitive and weigh on prices. The rate outlook may also affect demand through its impact on economic activity.
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.
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.