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The US dollar held near a 1½-year high against the euro after rising 0.7% on Friday following October employment data showing faster hiring and a lower unemployment rate. The dollar index was steady at 102.20, and futures implied a 79% chance of a Federal Reserve rate increase in December.
Stronger employment data and increased expectations for a Fed rate hike supported the dollar, which can raise the cost of dollar-priced feed commodities for importers. The currency move may therefore be a modest bearish influence on commodity demand and prices.
piqmarkets.comNov 9, 2026After 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.
