
The dollar posted its biggest weekly gain since September after San Francisco Fed President Mary Daly and Boston Fed President Susan Collins signaled that further rate increases are likely. October PPI came in at 6.5% year on year, slightly below the 6.6% expected.
Other Fed comments pointed to inflation remaining above the 2% target.
Confirmed hike signals reinforce dollar strength, which can lower the local-currency cost of imported feed ingredients in some markets while raising costs in dollar-priced trade. The move adds pressure on dollar-denominated commodity 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.