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The dollar was set for its best week in a month after the Fed signaled a cautious outlook for 2025. Sterling fell to $1.2616 after UK data showed the economy shrank 0.1% in October.
A firmer dollar on a cautious Fed outlook raises the cost of dollar-priced feed imports for buyers outside the US, though this is a routine currency move.
reuters.comHannah LangDec 13, 2024After 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.
