Loading…
The dollar rallied broadly after a US jobs report showed nonfarm payrolls rising by 528,000, producing its biggest daily percentage gain in the recent period. The move extended the dollar's advance on expectations of further Federal Reserve tightening.
A sharp dollar rally after strong US employment data signals tighter financial conditions and makes dollar-priced feed inputs more expensive for importers, a bearish factor for US commodity export prices.
marketplace.orgMitchell HartmanAug 29, 2022After 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.
