
The dollar index rose 0.63% to 102.85, its highest since October 14, in early Asian trading on Thursday. Traders increased bets on further Fed tightening after stronger October inflation data and hawkish remarks from Fed officials, while the yen approached 160 per dollar.
Dollar strength driven by Fed rate expectations tends to pressure US commodity prices in dollar terms and can make US feed ingredients less competitive abroad.
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.
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.