
The US dollar index rose 0.71% to a one-week high after October payrolls, wages and consumer sentiment exceeded expectations, while unemployment fell to 4.1%. Federal Reserve officials also made hawkish comments, though US inflation expectations declined.
A stronger dollar can make dollar-denominated feed commodities more expensive for buyers using other currencies, potentially dampening import demand. The stronger data and hawkish Fed signals supported the dollar, while lower inflation expectations were a countervailing factor.
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.