
The US Dollar Index climbed above 103 as traders awaited the US Producer Price Index release. Expectations of further Federal Reserve tightening, following stronger inflation figures, are supporting the greenback.
AUDUSD fell well below 0.6800 while metals extended losses.
A firmer dollar makes US-priced commodities more expensive for foreign buyers and tends to weigh on grain and feed ingredient prices. The macro rate outlook is the main driver of near-term currency moves.
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.