Dollar Falls Across the Board as Markets Scale Back Fed Hike Expectations Beyond December

After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.

• Mar 30, 2022Euro rises vs dollar as eurozone inflation fans rate hike expectations | Money & Forex Markets - Business Standard+0.1%
• May 29, 2026Euro-Dollar: Why Markets Think The ECB Will Hike Before The Fed+0.3%
• Mar 2, 2020Dollar takes a back seat as markets bet on Fed rate cuts - The HinduBusinessLine-0.8%
• Dec 13, 2022U.S. dollar tumbles across the board as inflation rise eases-0.2%
• Feb 25, 2020U.S. dollar falls as expectations of a Fed rate cut rise | Financial Post-0.5%

After 151 past bullish macro events, Corn moved a median +0.2% over 5 sessions (57% higher; middle half -0.9% to +1.4%), and -0.3% over 20.

• Oct 31, 2023US dollar falls as markets believe Fed is done hiking rates | Reuters+1.1%
• Aug 19, 2026Materials Up as Dollar Falls on Rate-Hike Skepticism -- Materials Roundup - MarketWatch+5.6%
• Jul 27, 2017US Dollar Falls Amid Dovish FOMC, VIX At All-Time Low - ActionForex-1.3%
• Dec 31, 2019USD: Fed's balance sheet expansion is creating a less favorable environment for the dollar - MUFG - Forex Crunch-0.6%
• Jan 25, 2018Dollar falls as market fears impact of Trump's US-centric stance - Nikkei Asia+0.1%

After 123 past bullish macro events, Soybeans moved a median +0.3% over 5 sessions (60% higher; middle half -1.0% to +1.8%), and -0.4% over 20.

• Oct 31, 2023US dollar falls as markets believe Fed is done hiking rates | Reuters+4.5%
• Aug 19, 2026Materials Up as Dollar Falls on Rate-Hike Skepticism -- Materials Roundup - MarketWatch+2.3%
• Jul 27, 2017US Dollar Falls Amid Dovish FOMC, VIX At All-Time Low - ActionForex-2.3%
• Dec 31, 2019USD: Fed's balance sheet expansion is creating a less favorable environment for the dollar - MUFG - Forex Crunch-0.5%
• Jan 25, 2018Dollar falls as market fears impact of Trump's US-centric stance - Nikkei Asia+0.4%