
MUFG analyst Derek Halpenny said the dollar index stayed above 103 on Nov. 13 as higher short-term Treasury yields supported the currency.
Treasury data show the two-year yield rose from 4.51% to 4.88% between Nov. 6 and Nov.
13.
A stronger dollar makes US-priced grains, meal and oils more expensive for importers, which can weigh on export demand and prices. Risk-off moves in AI-linked tech and currencies such as the Australian dollar could add volatility to commodity markets.
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.