
The dollar index climbed to a fresh 1.5-year high on Thursday after hawkish comments from Fed presidents Hammack, Goolsbee and Daly favoring additional rate hikes. Crude oil and T-note yields rose after President Trump said the US does not need a deal with Iran, while weekly jobless claims rose and existing home sales fell to a 16-year low.
A stronger dollar and higher US rate expectations typically weigh on dollar-priced commodities and can pressure export competitiveness for US grains and oilseeds, while firmer energy prices support biofuel and feed input costs.
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.