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The dollar index was little changed near 94 and sat close to a one-month low against the yen at 112.87. The move came ahead of US consumer price data that could guide the timing of Fed rate hikes.
Chinese factory gate prices also rose at their fastest pace since 1995.
Expectations of a Fed move ahead of the inflation print support the dollar, while softer yen levels and high producer costs add to feed and input cost pressures.
cnbc.comReutersNov 10, 2021After 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.
Not enough comparable past events yet for a historical read.
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.
