
The dollar index held at lower levels on Friday after Fed Chair Powell said the Fed's focus is returning inflation to 2% and that September's rate increase depends on incoming data. The euro rose 1.02% to $1.0073.
Powell's hawkish tone supports the dollar, which tends to weigh on dollar-priced commodities, though the day's move reversed.
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.
After 129 past neutral macro events, Euro (USD per EUR) moved a median -0.1% over 5 sessions (45% higher; middle half -0.5% to +0.5%), and +0.1% 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.