
The dollar edged lower on Monday as traders awaited key US jobs data, after Fed Chair Warsh's hawkish Friday remarks raised bets on a September rate hike to about 64%. August jobs data is expected to show 55,000 jobs added.
Higher odds of Fed tightening support the dollar, which tends to pressure dollar-priced commodities, while the upcoming jobs report is a key swing factor for rate-hike expectations and currency moves.
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.