Sterling traded slightly lower at $1.3270 while the euro edged up to $1.1093, as hawkish Fed rhetoric and hotter US inflation kept the dollar near multi-month highs. UK third-quarter GDP rose 0.7%, but the data did not offset the dollar's gains.
Analysts expect the dollar's rally to continue ahead of the US producer price index release.
A firmer dollar against sterling and the euro can make US commodities cheaper for some buyers and more expensive for others, shifting trade flows at the margin. The impact on feed prices is modest and rate-driven.
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.