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The Federal Reserve held its policy rate at 3.75%-4.00% in a 10-2 vote and described economic activity as expanding at a strong pace. Asian currencies were mixed as the dollar steadied ahead of PCE inflation data.
A firm dollar after the Fed hold makes dollar-priced feed imports more expensive for Asian buyers, though the move so far is modest.
After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% 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.