ING says the dollar and US real yields dipped after the FOMC press conference, which left markets reading the Fed as less likely to hike. The sell-off in long-dated Treasuries pushed US 30-year mortgage rates above 6.70%, keeping the Fed watchful on inflation.
The mix of softer real yields and higher long-end yields leaves the dollar's direction uncertain for commodity pricing. Upcoming inflation data will likely decide the next move.
After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), 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.