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The dollar was heading for its best week in months on October 1, 2021, as US Treasury yields climbed on expectations of Fed tapering by year-end and rate hikes in 2022. Yen-related outflows were noted as yields pulled capital into dollars.
Expectations of Fed tightening strengthen the dollar and weigh on dollar-priced commodities, while a weaker yen increases Japanese import costs for feed and energy.
reuters.comTom WestbrookOct 1, 2021After 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.
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.
