# Stronger Greenback Stymies Commodities - Sharecafe

> Gold, copper and other metals ended lower on Friday after US jobs data lifted the dollar. The US added 201,000 jobs, unemployment held at 3.9%, and wage growth rose to 2.9%, supporting expectations of a September Fed hike.

- Date: 2018-09-09 · published 2018-09-09T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/62959-stronger-greenback-stymies-commodities-sharecafe
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Strong US employment data supports further rate hikes and a firmer dollar, which weighs on dollar-denominated commodities. The effect on feed prices is indirect and limited.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-12-20 | [The Commodities Feed: Stronger USD prompts oil sell-off \| articles \| ING THINK](https://feedsoft.ai/events/26895-the-commodities-feed-stronger-usd-prompts-oil-sell-off-articles-ing-think.md) | -0.1% | -0.2% |
| DXY | 2022-05-17 | [Surging greenback could help press pause on dollar-denominated commodities - McKeany-Flavell](https://feedsoft.ai/events/41312-surging-greenback-could-help-press-pause-on-dollar-denominated-commodities.md) | -1.6% | +0.8% |
| DXY | 2022-02-14 | [Higher Rates, Rising Inflation, Stronger U.S. Dollar To Pressure Commodities? \| Investing.com](https://feedsoft.ai/events/42643-higher-rates-rising-inflation-stronger-u-s-dollar-to-pressure-commodities.md) | -0.0% | +2.0% |
| DXY | 2022-07-19 | [Strong dollar fuels pullback in commodity markets \| Stock Market News](https://feedsoft.ai/events/40392-strong-dollar-fuels-pullback-in-commodity-markets-stock-market-news.md) | -0.3% | -1.1% |
| DXY | 2022-11-17 | [Commodities slump as dollar rebounds](https://feedsoft.ai/events/38596-commodities-slump-as-dollar-rebounds.md) | +0.4% | -0.6% |

## Sources

- sharecafe.com.au: https://www.sharecafe.com.au/2018/09/10/stronger-greenback-stymies-commodities/

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