
World stocks rallied on Tuesday after US inflation came in cooler than forecast for October. The lower yields pushed the dollar index down 1.47% and lifted the euro 1.7% to $1.08765.
A softer dollar and lower yields are a broad macro tailwind for dollar-priced commodities, though the story is primarily about equity and currency markets.
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.
After 388 past bullish macro events, Euro (USD per EUR) moved a median +0.3% over 5 sessions (62% higher; middle half -0.4% to +1.1%), and +0.1% 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.
Dated 2023-11-14, it reports the cooler-than-expected US October CPI that pushed the dollar index down about 1.5% and lifted the euro about 1.7%, directly matching the move (currency/sentiment).