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The US Dollar Index traded near 98.65 in early Asian hours on Wednesday ahead of the Fed decision, which was expected to hold rates at 3.50%-3.75%. Markets were focused on Powell's press conference and upcoming Q1 GDP and PCE inflation data.
The index was largely flat ahead of the event, so the near-term effect on dollar-priced commodities was limited, with the bigger move depending on the Fed's tone.
fxstreet.comLallalit SrijandornApr 29, 2026After 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.
