Fed holds rates steady and cuts future meetings; stronger dollar outlook pressures emerging markets

After 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.

• Oct 29, 2017Pound To Dollar Exchange Rate Outlook: BoE And FOMC Meetings Ahead | Exchange Rates UK-0.2%
• Feb 6, 2023EMERGING MARKETS-Thai baht faces worst day in 23 years as strong dollar pressures Asia FX | Kitco News+0.5%
• Aug 23, 2018Here’s how Jackson Hole could impact the dollar, bonds and emerging markets - MarketWatch-0.0%
• Feb 27, 2023Asian FX, stocks pressured by higher US rates outlook - Markets - Business Recorder-0.7%
• Jun 7, 2018Skittishness hits emerging markets, and the Fed's getting the blame+0.5%

After 301 past bullish macro events, USDBRL moved a median +0.4% over 5 sessions (57% higher; middle half -1.2% to +1.7%), and +1.0% over 20.

• Apr 25, 2023EMERGING MARKETS-Mexico's peso falls on growth worries, stronger dollar-1.3%
• Aug 23, 2018Here’s how Jackson Hole could impact the dollar, bonds and emerging markets - MarketWatch+1.2%
• Jun 7, 2018Skittishness hits emerging markets, and the Fed's getting the blame-2.8%
• May 9, 2018Three Catalysts Pressuring Emerging Markets | Exchange Rates UK+2.3%
• Mar 19, 2020Why the U.S. dollar’s relentless rally is causing pain for emerging markets - MarketWatch-1.1%

Not enough comparable past events yet for a historical read.