
The dollar held just below multi-decade highs on July 26 while traders awaited the Fed decision. The euro fell about 1% to $1.01 amid concerns about European energy security and a looming cut in Russian gas flows.
Dollar strength persists while the Fed decision is pending, which keeps pressure on dollar-priced commodities.
After 2,356 past bullish macro events, DXY moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
After 533 past bearish macro events, EURUSD moved a median -0.3% over 5 sessions (33% higher; middle half -1.2% to +0.2%), and -0.5% 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.