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The dollar rose against a basket of currencies as U.S. bond yields rallied on safe-haven demand after a sharp Wall Street selloff, with the Dow at one point down more than 1,500 points. The 10-year Treasury yield touched 2.885%, its highest since January 2014, after a strong jobs report showed wage growth at its biggest annual gain since 2009.
Higher U.S. yields and a firmer dollar tend to weigh on dollar-denominated grain and meal prices and make U.S. exports less competitive. Analysts expected gains to be limited because other economies were expanding faster.
cnbc.comReutersFeb 5, 2018Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
Strong jobs report with 2.9% wage growth, higher Treasury yields and safe-haven demand during the Feb 5 equity selloff lifted the dollar, matching the 5-day rise.
