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The pound rose above 1.3000 against the dollar ahead of Monday's US economic data, including Q3 GDP and October nonfarm payrolls. The dollar index revisited a near three-month high around 104.60.
Dollar strength against sterling affects the UK cost of imported feed inputs priced in dollars. Expected Fed cuts and US data drive the dollar outlook.
fxstreet.comSagar DuaOct 30, 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.
Not enough comparable past events yet for a historical read.
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.
