Dollar index hits two-year high after Fed delivers rate cut

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.

• Jul 1, 2023Dollar index hits two-week high after data; yen remains soft-0.3%
• Jun 14, 2022Dollar index jumps to two-decade high as traders await Fed rate move | Reuters-0.4%
• Dec 16, 2016Dollar near 14-year highs after Fed tips more rate hikes+0.0%
• Sep 29, 2021Dollar index hits roughly one-year high a week after Fed policy update - MarketWatch+0.1%
• Dec 15, 2016Dollar charges higher after Fed hikes rates+1.6%

After 301 past bullish macro events, Brazilian Real (BRL per USD) moved a median +0.4% over 5 sessions (57% higher; middle half -1.2% to +1.7%), and +1.0% over 20.

• Apr 28, 2022Global shares rise as earnings boost, U.S. dollar hits 20-year high-0.2%
• Sep 8, 2023Why the US Fed's interest rate pause is a win for dollar bulls | The National-2.2%
• Jan 9, 2023Brazil's Currency Falls Vs. Dollar After Riot by Bolsonaro Supporters - Markets Insider-3.0%
• Apr 19, 2024Fed's rate-cut foot-dragging grates on global peers at IMF meetings | Reuters-1.8%
• Oct 30, 2024Latin American Currencies Dip As Mexican Peso Hits Two-Year Low - Finimize+0.8%

Not enough comparable past events yet for a historical read.