
The dollar index climbed to 102.87 on Wednesday, its highest level in about 19 months, after October CPI rose 0.4% versus 0.3% expected. The euro fell to $1.1082, its weakest since May last year, and markets priced a possible 50-basis-point Fed hike in December.
A sharp dollar rally raises the USD cost of imported feed ingredients for non-US buyers and tends to pressure US grain and oilseed prices, a modest bearish factor for feed markets.
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.