Dollar rebounds on higher expectations for Fed hike in May

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.

• Oct 31, 2022Dollar gains on Fed rate hike expectations-0.1%
• Aug 26, 2026U.S. data buoys dollar as Fed hike expectations nudged higher+0.4%
• Jun 24, 2026US dollar strengthens to 13-month high on Fed rate hike expectations | Reuters-0.1%
• Jun 20, 2022US dollar to remain resilient amid the re-pricing higher in Fed's rate expectations – ING — Octa-0.9%
• Jun 29, 2023Dollar index hits two-week high as data boosts Fed hike expectations+0.4%

After 301 past bearish macro events, Corn moved a median -0.1% over 5 sessions (47% higher; middle half -2.2% to +1.3%), and +0.2% over 20.

• Jun 20, 2022US dollar to remain resilient amid the re-pricing higher in Fed's rate expectations – ING — Octa-3.7%
• Oct 14, 2026Dollar hits fresh 18-month high as hot inflation boosts Fed hike expectation-1.8%
• May 16, 2024Dollar rebounds on high US import prices | Reuters+0.1%
• Jun 17, 2021Dollar surges to two-month high on Fed rate-hike projection-2.4%
• Sep 3, 2019US dollar just hit 2-year high, closes in on another major milestone-6.0%

After 273 past bearish macro events, Soybeans moved a median -0.4% over 5 sessions (44% higher; middle half -2.4% to +1.4%), and -0.5% over 20.

• Jun 20, 2022US dollar to remain resilient amid the re-pricing higher in Fed's rate expectations – ING — Octa-4.2%
• Oct 14, 2026Dollar hits fresh 18-month high as hot inflation boosts Fed hike expectation-2.3%
• May 16, 2024Dollar rebounds on high US import prices | Reuters+2.7%
• Jun 17, 2021Dollar surges to two-month high on Fed rate-hike projection-4.4%
• Sep 3, 2019US dollar just hit 2-year high, closes in on another major milestone-1.4%