◂ Event Timeline

Jul 1, 2023MACROUS

Dollar index hits two-week high after data; yen remains soft

The dollar index climbed to a two-week high on Thursday after jobless claims fell sharply and first-quarter GDP was revised up to 2%. Powell did not rule out a July hike.

WHY IT MATTERS

Stronger US data and hike expectations lift the dollar, which tends to pressure dollar-denominated grain and meal prices.

AFFECTSUS Dollar (Broad)▲

SOURCE
cnbc.comReutersJul 1, 2023

Price reaction & history

US Dollar (Broad)▲bullishSO FAR1d -0.1%5d -0.3%20d -1.3%

After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.

Dec 18, 2024Dollar index hits two-year high after Fed delivers rate cut+0.7%
Jun 29, 2023Dollar index hits two-week high as data boosts Fed hike expectations+0.4%
Feb 5, 2026U.S. dollar hits two-week high, pound slumps after BoE holds rates-0.7%
Sep 29, 2021Dollar index hits roughly one-year high a week after Fed policy update - MarketWatch+0.1%
Sep 23, 2024Euro slumps, dollar index edges higher after PMI data-0.2%

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.

US Dollar (Broad) DXY · GP ▸

——— · ·

Loading…