# Foreign exchange rate 29.6: USD approaches 2-month peak, gold price "enters the chain"

> 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.

- Date: 2021-06-29 · published 2021-06-29T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/46903-foreign-exchange-rate-29-6-usd-approaches-2-month-peak-gold-price-enters-the
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

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.

## Read by commodity

- DXY: bullish ▲

## Sources

- news.laodong.vn: https://news.laodong.vn/kinh-doanh/ti-gia-ngoai-te-296-usd-ap-sat-dinh-2-thang-gia-vang-tuot-xich-925265.ldo

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