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The dollar rose on August 12 after US producer prices jumped 7.8% over the 12 months through July, the largest annual increase in more than a decade. Jobless claims also fell, adding to signs of economic recovery.
Stronger inflation data increases the chance the Fed tightens sooner, supporting the dollar and making dollar-priced commodities more expensive for overseas buyers. Persistent input cost inflation also raises the cost of producing feed ingredients.
cnbc.comReutersAug 12, 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.
