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The dollar rose modestly against the yen after US nonfarm payrolls showed strong October job growth and the largest annual wage gain in 9.5 years. Gains were limited as investors remained focused on hopes for a US-China trade deal.
The dollar index was little changed near 96.46 after hitting a 16-month high earlier in the week.
A firmer dollar makes US commodity exports less competitive and tends to weigh on grain and oilseed prices, while stronger Fed tightening expectations add to the broader macro backdrop for feed costs.
cnbc.comReutersNov 2, 2018After 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.
