Loading…
The US Dollar Index slipped to around 101 as the Fed held rates at 3.75% to 4.00%. CME FedWatch odds of a December hike rose to 82.6% from 78.3%.
Rising odds of a December rate hike support the dollar over time, which typically pressures dollar-denominated commodity prices and raises financing costs for feed buyers.
After 2,356 past bullish macro events, DXY 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.