
The US dollar rose 0.3% against a basket of major currencies last week, reaching 102.28 on the dollar index. Stronger-than-expected US employment data drove a 0.6% gain on Friday, while the euro fell for a third straight week to $1.1143 and the dollar rose to 158.45 yen.
A stronger dollar can make dollar-priced feed commodities more expensive for buyers using other currencies, potentially weighing on demand and prices. The employment report also strengthened expectations that the Federal Reserve could continue tightening monetary policy.
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.
Not enough comparable past events yet for a historical read.
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.