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The dollar fell on Tuesday after softer US retail sales and a drop in consumer confidence to 88.7 in November reinforced expectations of a December Fed rate cut. The dollar index fell 0.31% to 99.83, while the euro traded at $1.1566.
Weaker US economic data and rising rate-cut expectations pressure the dollar, which can lift dollar-denominated commodity prices and support export demand.
After 1,637 past bearish macro events, US Dollar (Broad) 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.