◂ Event Timeline

Aug 17, 2022MACROUS

Dollar pares gains as some Fed officials show caution on growth

The dollar pared gains after minutes from the Fed's July meeting showed officials worried the central bank could raise rates too far. The minutes signalled caution about the growth outlook.

WHY IT MATTERS

Easing dollar pressure on the margin is mildly supportive for dollar-priced commodities, though the effect is small.

AFFECTSUS Dollar (Broad)◆

SOURCE
reuters.comKaren BrettellAug 17, 2022

Price reaction & history

US Dollar (Broad)◆neutralSO FAR1d +0.3%5d +1.1%20d +2.3%

After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% over 20.

Dec 2, 2022Dollar gives back gains, strong wage growth complicates Fed policy+0.3%
Sep 17, 2020Dollar's post Fed gains fizzle as long rate pause seen | Financial Post+1.6%
Jun 22, 2022Dollar slips as global growth worries fester-0.0%
Mar 10, 2021Dollar claws back some losses as U.S. yields stabilise | Reuters-0.8%
Sep 18, 2024Dollar gains ground after Fed delivers bumper 50 basis point rate cut-0.4%

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 ▸

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