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The dollar strengthened as traders waited for the return of delayed US economic data. Markets cut the probability of a 25-basis-point December Fed rate cut to under 40%, down from over 60% earlier in the month.
Reduced odds of Fed easing support the dollar, which can pressure dollar-priced commodities and weigh on US export competitiveness.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% 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.