# U.S. dollar posts best month since November 2016; nonfarm payrolls loom | Financial Post

> The dollar rose to a 2.5-month peak on Wednesday, posting its biggest monthly gain since November 2016, after a hawkish shift in Fed rate outlook and concerns over the Delta coronavirus variant. Private payrolls rose more than expected in June, with traders awaiting Friday's nonfarm payrolls report.

- Date: 2021-06-30 · published 2021-06-30T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/46778-u-s-dollar-posts-best-month-since-november-2016-nonfarm-payrolls-loom-financial
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A strong dollar and expectations of earlier Fed tightening weigh on dollar-denominated commodity prices and strengthen the U.S. currency against emerging-market feed importers' currencies.

## Read by commodity

- DXY: bullish ▲
- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-05-01 | [Dollar slips, but posts best month since 2015](https://feedsoft.ai/events/42033-dollar-slips-but-posts-best-month-since-2015.md) | +0.3% | -1.0% |
| DXY | 2024-01-31 | [Dollar's largest monthly gain since September \| EBC Financial Group](https://feedsoft.ai/events/32400-dollar-s-largest-monthly-gain-since-september-ebc-financial-group.md) | +0.3% | +0.4% |
| DXY | 2021-05-31 | [Dollar near 2-month high vs yen, U.S. inflation beats expectations \| Financial Post](https://feedsoft.ai/events/47351-dollar-near-2-month-high-vs-yen-u-s-inflation-beats-expectations-financial-post.md) | -0.2% | +1.1% |
| DXY | 2021-02-02 | [Dollar stands tall on better U.S. outlook vs Europe \| Financial Post](https://feedsoft.ai/events/48853-dollar-stands-tall-on-better-u-s-outlook-vs-europe-financial-post.md) | -0.3% | +0.1% |
| DXY | 2020-09-17 | [Dollar edges higher as Fed outlook lifts U.S. yields \| Financial Post](https://feedsoft.ai/events/7697-dollar-edges-higher-as-fed-outlook-lifts-u-s-yields-financial-post.md) | +1.6% | +0.6% |
| CORN | 2020-03-18 | [U.S. corn skids 2.2% to lowest level since September 2016; wheat, soy rise \| Financial Post](https://feedsoft.ai/events/8374-u-s-corn-skids-2-2-to-lowest-level-since-september-2016-wheat-soy-rise.md) | -0.6% | -3.4% |
| CORN | 2022-04-21 | [China's yuan slides to 6-month low as tightening prospects help dollar \| Financial Post](https://feedsoft.ai/events/7337-china-s-yuan-slides-to-6-month-low-as-tightening-prospects-help-dollar.md) | -1.5% | -3.5% |
| CORN | 2020-05-13 | [Dollar up as Powell downplays chances of negative U.S. interest rates \| Financial Post](https://feedsoft.ai/events/53332-dollar-up-as-powell-downplays-chances-of-negative-u-s-interest-rates-financial.md) | -0.3% | +1.5% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/u-s-dollar-posts-best-month-since-november-2016-nonfarm-payrolls-loom

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.