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The dollar gained broadly on Monday as investors expected the Federal Reserve to deliver another 75bp rate hike at its meeting this week. Sterling fell against the dollar and euro, and the dollar rose 0.9% against the yen to 148.72.
A firmer dollar on expected aggressive Fed tightening tends to weigh on US commodity prices and makes feed imports pricier for emerging-market buyers.
globalbankingandfinance.comJessica Weisman-PittsOct 31, 2022After 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.
