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The dollar eased as month-end flows weighed on the currency, with traders focused on the Fed and the Bank of Japan. Traders bet that cooling inflation will keep the Fed on pause in the coming months, though some chance of a later rate hike remains.
Expectations of a Fed pause soften the dollar, which tends to support dollar-denominated commodity prices and US export competitiveness.
reuters.comSaqib Iqbal AhmedOct 27, 2023After 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.
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.
