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The US dollar reached a 19-month high against major peers as markets fully priced a Federal Reserve hike at its next meeting, versus a 75% chance for the Bank of England. Sterling weakened even as UK growth ran at its strongest pace in two and a half years.
A firmer dollar makes US commodities more expensive for importers and can weigh on US export demand, a bearish pressure for feed prices quoted in dollars.
stonex.comFiona CincottaNov 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.
Not enough comparable past events yet for a historical read.
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.
