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The dollar weakened against major currencies after the Fed's 25-basis-point hike, as investors priced in a possible pause for the rest of the year. The ECB also raised rates, and the BoJ kept its ultra-loose policy with more flexibility in yield curve control.
Expectations of a prolonged pause in tightening weaken the dollar, which supports dollar-denominated commodity prices and can improve demand from importers.
prelaunch.financialexpress.comGuest ContributorJul 31, 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.
