Loading…
The dollar climbed to a 13-month high after a hawkish policy meeting under the new Fed chair. Markets shifted toward expectations of rate hikes this year, and oil prices eased.
Rate-hike expectations lift the dollar and raise financing costs, which weighs on commodity prices and feed demand.
reuters.comChuck MikolajczakJun 23, 2026After 2,356 past bullish macro events, DXY 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.
The dollar extended to a 13-month high on June 23 on rate-hike bets, contributing to the later part of the move.
