Loading…
US labor market data showed tightening, with the jobless rate near pre-pandemic lows. Fed Chair Powell suggested the central bank could speed up winding down its bond purchases at the December 14-15 meeting.
A tighter labor market and faster tapering strengthen the case for earlier rate hikes, which tends to support the dollar and pressure dollar-priced commodities.
reuters.comLucia MutikaniDec 3, 2021After 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.
