Dollar advances after data implies stable labor market

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.

• Oct 25, 2024Dollar advances after data as eyes turn to jobs report | Reuters+0.2%
• Mar 2, 2023Dollar firms after U.S. labor data suggests more rate hikes | Reuters+0.7%
• Jun 25, 2024US dollar advances after hawkish Fed comment, economic data | Reuters+0.6%
• Jul 18, 2018GLOBAL MARKETS-Dollar's advance puts squeeze on gold, commodities By Reuters+0.0%
• Jan 27, 2022Dollar jumps as markets brace for larger, faster rate hikes | Reuters+0.1%

After 487 past bullish macro events, Crude Oil (WTI) moved a median +1.0% over 5 sessions (60% higher; middle half -2.0% to +4.0%), and +1.5% over 20.

• Aug 18, 2021Canadian dollar rallies after hotter-than-expected inflation data+1.5%
• May 11, 2021Commodity currencies hold advantage as dollar waits for inflation and Fed | Reuters+2.0%
• Mar 3, 2026US dollar firms on renewed inflation risks; market pares back rate-cut outlook  | Reuters+33.1%
• Jan 26, 2022Oil market faces rocky road as shock absorbers wear thin | Reuters+2.3%
• Mar 31, 2026South African rand set for more than 6% monthly drop against dollar | Reuters+9.6%

After 323 past bullish macro events, Crude Oil (Brent) moved a median +0.7% over 5 sessions (58% higher; middle half -2.9% to +3.7%), and +1.3% over 20.

• May 11, 2021Commodity currencies hold advantage as dollar waits for inflation and Fed | Reuters+1.6%
• Jan 26, 2022Oil market faces rocky road as shock absorbers wear thin | Reuters+1.0%
• Aug 24, 2021Dollar slips further as oil rallies, commodity currencies gain | Reuters+5.7%
• Feb 9, 2024Indian rupee weakens slightly on dollar demand from state-run banks, importers - Markets - Business Recorder+1.5%
• Nov 10, 2022Oil prices settle 1% higher on tepid U.S. inflation data | Reuters-0.1%