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The dollar rose to its highest level in about 19 months after a hawkish reassessment of Fed policy followed hotter-than-expected CPI data. The euro fell to its lowest level against the dollar since April 2025, and traders priced a 91% chance of a December Fed hike, with the 2-year Treasury yield near 4.835%.
A stronger dollar and higher US yields lower the dollar value of imported commodities for non-US buyers and tend to pull down US commodity futures. The move also raises the cost of carrying grain and feed inventories.
devdiscourse.comReutersNov 12, 2026After 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.
