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The US Dollar Index traded near 101.30 as it headed for its biggest monthly gain in nearly a year on Fed rate hike expectations. Fed funds futures priced about a 63% chance of a hike by September, and traders awaited the June jobs report.
Rising hike odds keep the dollar firm, which tends to pressure dollar-priced grain and oilseed values and makes US exports pricier for foreign buyers.
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.