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The US dollar is heading for its strongest weekly gain in more than a month as traders bet the Federal Reserve will raise interest rates at its next meeting. The article frames the rally as likely to continue in the short term.
Rising Fed hike expectations strengthen the dollar, which lowers US commodity prices in foreign currency terms and can dampen export demand for feed ingredients from the US.
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.