
The dollar index rose 0.54% to a one-week high after October payrolls increased by 165,000 and unemployment fell to 4.1%. Stronger-than-expected wage growth, upbeat consumer sentiment and hawkish remarks from New York Fed President John Williams also supported the dollar.
Signs of resilient employment and inflation concerns may keep US interest rates higher, supporting the dollar. That can add pressure to dollar-priced commodities for importers whose currencies weaken against it.
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.