Sterling fell 0.54% against the dollar and the euro fell 0.40% as the dollar held firm before the US October jobs report. A technology-led equity sell-off encouraged investors to move into cash, and ING said dollar liquidity and yields could help keep the currency supported.
Safe-haven and cash demand supports the dollar, putting downward pressure on both GBP/USD and EUR/USD. The article does not describe a direct supply or demand effect on feed commodities.
Not enough comparable past events yet for a historical read.
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.
After 533 past bearish macro events, Euro (USD per EUR) moved a median -0.3% over 5 sessions (33% higher; middle half -1.2% to +0.2%), and -0.5% 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.