
With US cash bonds closed for Veterans Day, the dollar index rose about 0.6% to near 102.84 and the euro fell to its weakest level in over a year. The dollar rose to about 159.86 against the yen, close to the intervention-sensitive 160 level.
Dollar strength against the yen and euro raises the cost of imported feed ingredients for buyers in those currency zones and can weigh on dollar-denominated grain prices. A sharp yen move could also prompt Japanese intervention, adding volatility.
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.