◂ Event Timeline

Jul 27, 2023MACROUS

Global equities fall, dollar rises after strong U.S. data, rate hikes

Global equities fell and the dollar rose after strong US data and the Fed's 11th consecutive 25-basis-point hike. Oil settled higher, with WTI up 1.7% to $80.09 and Brent up 1.6% to $84.35.

WHY IT MATTERS

A firmer dollar after strong US data makes dollar-priced grains and oilseeds more expensive for importers, which is a modest bearish force on feed commodity prices.

AFFECTSDXY▲

SOURCE
reuters.comChibuike OguhJul 27, 2023

Price reaction & history

DXY▲bullishSO FAR1d +0.1%5d +1.2%20d +1.9%

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.

Oct 27, 2022Euro falls against the dollar after ECB rate hike, U.S. data+0.7%
Dec 14, 2016U.S. bond yields, dollar gain, stocks fall after Fed rate hike+1.6%
Apr 18, 2024US dollar gains after strong data, Fed comments on rate cuts-0.1%
Mar 2, 2023Dollar firms after U.S. labor data suggests more rate hikes | Reuters+0.7%
Nov 1, 2017Dollar rises on strong U.S. data, Fed signals | Reuters+0.1%

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.

DXY · GP ▸

——— · ·

Loading…