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The dollar fell sharply after US jobs data cast doubt on how quickly the Federal Reserve would continue raising rates. The move reversed part of the dollar's recent strength.
A weaker dollar tends to support US dollar-priced commodities such as grains and soybean products by making them cheaper for overseas buyers.
reuters.comDec 2, 2016After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.
