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The dollar index hit a one-month high after US retail sales rose 0.6% in December, beating forecasts. The data reduced expectations for an early Federal Reserve rate cut.
Strong US consumer data that delays rate cuts supports the dollar, which can weigh on dollar-priced feed commodities and US export competitiveness.
cnbc.comReutersJan 17, 2024After 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.
