All eyes on US jobs report as commodity markets reassess the Fed path

A week defined by collapsing oil prices, a hawkish Fed repricing, and a peace deal that ended the week under fresh strain left commodity markets navigating one of their most complex macro-geopolitical backdrops since the conflict began. The dollar index surged to a fresh 13-month high of 101.8 as markets priced in up to two Federal Reserve rate increases through December, lifting short-dated Treasury yields and reinforcing dollar strength. The greenback edged back as May’s PCE inflation data came in broadly as expected, core PCE rose 0.3 percent month-on-month and 3.4 percent year-on-year, while headline PCE advanced 0.4 percent, a…