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The Bank of Canada and the U.S. Federal Reserve both held rates at historic lows on Jan. 26.
Fed Chair Powell said he backs a March liftoff and would not rule out a hike at every meeting. U.S. stocks ended lower and 10-year Treasury yields topped 1.8%.
A Fed signaling multiple hikes in 2022 supports the U.S. dollar and raises financing costs for commodity holders, which can weigh on futures prices. Feed buyers outside the U.S. face higher dollar-priced import costs.
financialpost.comFinancial Post StaffJan 26, 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.
