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The dollar rose on Thursday after weaker-than-expected first-quarter US GDP growth and jobless claims data. Markets priced about a 90% chance of a 25 basis-point hike at the May meeting, followed by a pause.
The article is a fragment that is cut off mid-text.
Expectations of a near-final Fed hike and a pause keep the dollar supported in the short run, which pressures dollar-priced commodities.
reuters.comGertrude Chavez-DreyfussMay 1, 2023After 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.
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.
