
The U.S. dollar index rose to around 101.80, extending its recovery as U.S. bond yields rebounded. Higher oil prices renewed inflation concerns and supported expectations of a possible Federal Reserve rate hike, while traders awaited the U.S. payrolls report.
Higher expected U.S. interest rates and yields can support the dollar, while a shift in those expectations after payrolls could reverse the move. The article describes a modest currency rebound rather than a new supply shock in feed commodities.
After 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.