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Seventeen of the 34 commodities tracked by Investing.com were down for 2022 as of early December. The U.S. dollar index rose about 10.4% on the year to 105.5 as traders bet the Fed could turn hawkish again in 2023.
Strong U.S. manufacturing and services data fueled the dollar rally.
A firmer dollar pressures dollar-denominated commodity prices and makes U.S. exports less competitive. The story is a year-to-date review tied to currency moves.
investing.comDec 7, 2022After 2,356 past bullish macro events, DXY 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.
