Loading…

The dollar steadied after a volatile start on Tuesday when Trump announced the firing of Fed Governor Lisa Cook, renewing concerns about central bank independence. The dollar index was flat at 98.42 and markets priced a near 82% chance of a September cut.
Rising doubts about Fed independence and expected easing tend to pressure the dollar, supporting dollar-priced commodities over time.
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.