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The US dollar index fell 0.48% to 111.01 on Tuesday as traders weighed a less aggressive Federal Reserve ahead of its meeting. The Australian dollar rose from one-week lows but trailed after the RBA kept its quarter-point pace of hikes.
A weaker dollar ahead of a possibly smaller Fed hike supports commodity prices priced in dollars, though the effect on feed markets is indirect.
financialpost.comReutersNov 1, 2022After 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.
Not enough comparable past events yet for a historical read.
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.
