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The dollar firmed slightly as US voting began, with the 2-year Treasury yield at 4.59% and the 10-year at 4.91% as of November 2. Traders are looking to Friday's jobs report to confirm bets on a Federal Reserve rate hike in December.
A strong payrolls print would raise December hike bets and lift the dollar, which tends to pressure dollar-priced commodities. The effect on feed markets is indirect and runs through rate expectations.
aephel.comKenji TanakaNov 3, 2026After 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.
