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The US dollar posted broad gains after unexpectedly strong US jobs data was released. The move reflected expectations of firmer US economic conditions.
A stronger dollar makes US commodities more expensive for overseas buyers, which can pressure US grain and feed export prices.
reuters.comCaroline ValetkevitchAug 5, 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.
