
The dollar index rose to a new 1.5-year high on Friday as the 10-year Treasury yield climbed to a 4-week high of 5.172%. Several Fed presidents said they favored further tightening, and markets priced in a 100% chance of a 25 bp hike at the December 8-9 FOMC meeting.
A stronger dollar and higher US yields make dollar-priced commodities more expensive for importers and tighten financing for buyers, which generally pressures dollar-denominated grain and oilseed prices. The euro also fell to a 1.5-year low, adding to the pressure on EU-priced demand.
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.