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Sterling was little changed at $1.3241 while the euro edged up to $1.1063, as the dollar stayed near its strongest level of the year. Markets priced back-to-back Fed hikes in December and January, with about 85 basis points of tightening.
ING said the policy path looked more like a cycle than a modest adjustment.
Persistent dollar strength and expected US tightening raise the cost of dollar-denominated feed commodities for non-US buyers. Sustained tightening can also weaken global demand for imports.
investing.comNavamya AcharyaNov 13, 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.
