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The dollar rallied on June 1 after a report showed US private sector job creation in May beat expectations. The data strengthened expectations of a Fed interest rate hike that month.
A stronger dollar from firmer US labour data makes US commodities pricier for foreign buyers and can pressure grain export prices. The effect is modest and indirect.
reuters.comGertrude Chavez-DreyfussJun 1, 2017After 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.
