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Stronger-than-expected US inflation and continued tanker attacks in the Strait of Hormuz put pressure on recent rebounds in EUR/USD, precious metals and risk assets. Markets priced in a near-certain December Fed rate increase, supporting the dollar index, while tanker attacks provided support to crude oil charts.
Higher US rate expectations support the dollar, which can raise the local-currency cost of dollar-denominated feed imports. Continued shipping threats in the Strait of Hormuz also support crude prices, potentially lifting energy and transport costs.
forex.comRazan Hilal, CMTNov 11, 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.
After 487 past bullish macro events, Crude Oil (WTI) moved a median +1.0% over 5 sessions (60% higher; middle half -2.0% to +4.0%), and +1.5% over 20.
After 323 past bullish macro events, Crude Oil (Brent) moved a median +0.7% over 5 sessions (58% higher; middle half -2.9% to +3.7%), and +1.3% 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.
