# Commodity markets to focus on US Jobs data, comments from Fed chair for clearer insights on policy outlook next week

> A Kotak Securities outlook says the dollar hit a two-month high near 106.13, lifted by the yen weakening to about 161 per dollar and hawkish Fed comments. Crude may be supported by risk of a wider Iran-related conflict, and the US economy grew at 1.4% in Q1.

- Date: 2024-06-29 · published 2024-06-29T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/29640-commodity-markets-to-focus-on-us-jobs-data-comments-from-fed-chair-for-clearer
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A firm dollar and geopolitical risk to crude supply are cross-currents for feed buyers, since dollar strength pressures grain prices while higher energy costs raise freight and processing costs.

## Read by commodity

- DXY: bullish ▲
- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-07-29 | [To hike or not to hike: What today's Fed decision means for commodity markets - Pro Farmer](https://feedsoft.ai/events/18261-to-hike-or-not-to-hike-what-today-s-fed-decision-means-for-commodity-markets.md) | -0.9% | -2.0% |
| DXY | 2025-07-21 | [Midyear Fixed Income, Currency, and Commodity Markets Outlook: Higher for Longer \| LPL Financial](https://feedsoft.ai/events/23666-midyear-fixed-income-currency-and-commodity-markets-outlook-higher-for-longer.md) | -0.3% | -0.0% |
| DXY | 2024-11-21 | [Dollar pulls ahead as markets focus on Trump policies, Fed outlook - Markets - Business Recorder](https://feedsoft.ai/events/27609-dollar-pulls-ahead-as-markets-focus-on-trump-policies-fed-outlook-markets.md) | -0.0% | +1.4% |
| DXY | 2018-08-26 | [Asia markets: Fed comments and yuan in focus](https://feedsoft.ai/events/10044-asia-markets-fed-comments-and-yuan-in-focus.md) | +0.6% | -0.1% |
| DXY | 2026-06-29 | [Dollar poised for best month in nearly a year; eyes on jobs data, Gulf tension \| MarketScreener](https://feedsoft.ai/events/19011-dollar-poised-for-best-month-in-nearly-a-year-eyes-on-jobs-data-gulf-tension.md) | -0.0% | -0.1% |
| WTI | 2026-06-29 | [Dollar poised for best month in nearly a year; eyes on jobs data, Gulf tension \| MarketScreener](https://feedsoft.ai/events/19011-dollar-poised-for-best-month-in-nearly-a-year-eyes-on-jobs-data-gulf-tension.md) | -0.8% | +30.0% |
| WTI | 2024-03-04 | [Commodity markets saw slight upward trend last week](https://feedsoft.ai/events/7865-commodity-markets-saw-slight-upward-trend-last-week.md) | -2.4% | +4.6% |
| WTI | 2025-08-25 | [The Commodities Feed: Jerome Powell Provides a Boost to Most Markets \| Investing.com](https://feedsoft.ai/events/23251-the-commodities-feed-jerome-powell-provides-a-boost-to-most-markets-investing.md) | +0.5% | -1.7% |

## Sources

- moneycontrol.com: https://www.moneycontrol.com/news/business/commodities/commodity-markets-to-focus-on-us-jobs-data-comments-from-fed-chair-for-clearer-insights-on-policy-outlook-next-week-12758688.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.