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The US dollar extended gains against major currencies after US data came out somewhat better than expected. Weekly jobless claims fell to 237K and the New York and Philadelphia Fed indexes beat forecasts.
Analysts pointed to the hawkish Fed decision and Yellen's remarks on the balance sheet as the main driver.
Stronger US data and a firmer Fed path support the dollar, which typically weighs on dollar-denominated commodity prices.
forexcrunch.comYohay ElamJun 15, 2017After 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.
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.
On June 15 the dollar extended gains after better-than-expected jobless claims and regional Fed surveys, reinforcing the hawkish Fed repricing within the move window.
