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The dollar surged nearly 2% against major currencies after Trump's win over Kamala Harris. The move marked the dollar's biggest one-day rise in more than eight years.
A sharp dollar rally lifts the cost of US commodities for importers and tends to pressure grain and oilseed prices in dollar terms.
reuters.comJamie McGeeverNov 6, 2024After 2,356 past bullish macro events, DXY 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.
Describes the dollar's largest one-day rise in over eight years after Trump's win, the same event as the move.
Dollar rose nearly 2% on Trump's win, its biggest one-day rise in over eight years, directly driving the broad index gain.
