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Sterling fell about 0.5% versus the dollar on 16 September after US August retail sales unexpectedly rose. Asian stock losses also weighed on sentiment.
Sterling had earlier gained on expectations of a Bank of England rate increase after UK inflation hit 3.2%.
Stronger US demand data supports the dollar, a mild headwind for dollar-priced commodities. The effect on feed markets is small.
reuters.comJoice AlvesSep 16, 2021After 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.
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.
