Asian currencies posted modest gains as the U.S. dollar steadied after October employment data showed 165,000 jobs added and unemployment falling to 4.1%. Markets raised the implied probability of a 25-basis-point Federal Reserve rate increase in December to nearly 80%, while investors awaited U.S. inflation data.
Shifting U.S. rate expectations can move the dollar and Asian currencies, changing the local-currency cost of imported feed and commodities. The reported currency gains were modest and do not indicate a new commodity supply change.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.