The dollar reached a 19-month high as hotter US inflation and hawkish Federal Reserve comments lifted short-dated Treasury yields and revived bets on another rate hike. The euro slid to its weakest level since April 2025 and the dollar also gained against the Swiss franc.
The yen weakened as well.
A firmer dollar driven by Fed rate expectations makes US-priced commodities costlier for overseas buyers, which can dampen export demand and weigh on feed grain and oilseed prices.
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.