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The US dollar index hovered near a two-month high on June 29, 2021, as investors waited for the US nonfarm payrolls report. Gold prices in Vietnam eased on the day.
The dollar's strength followed the Fed's hawkish signal of rate increases pulled into 2023.
A firmer dollar typically pressures dollar-denominated commodity prices and makes US feed grain and oilseed exports less competitive abroad. Traders are watching the jobs data for the next move.
Not enough comparable past events yet for a historical read.
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.