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The Dollar Index pulled back from a two-month high of 99.98 and traded near 100.00 ahead of PCE inflation data. The Fed held rates at 4.25%-4.5%, and US GDP grew 3.0% annualized in the April-June period, above expectations.
Firm US growth and a hawkish Fed keep the dollar supported, which can cap dollar-denominated commodity prices.
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.