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The dollar index fell to a 1.5-week low on Friday as swaps markets raised the odds of a December Fed rate cut to 83%, up from 30% a week earlier. Reports that Kevin Hassett is a top candidate to succeed Powell as Fed Chair also weighed on the dollar.
A weaker dollar on rate-cut bets tends to support dollar-priced commodities. Fed leadership expectations add uncertainty to the currency outlook.
barchart.comRich AsplundNov 28, 2025After 1,637 past bearish macro events, DXY moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.
