US dollar, stocks dip as Fed keeps taper timing close to chest

After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.

• Nov 5, 2020Dollar drops as stocks surge, Fed keeps policy unchanged-0.8%
• Apr 28, 2021US Fed keeps rates unchanged as Powell says ‘not time for taper talk’; Dollar falls+0.3%
• Nov 3, 2021Dollar dips after Fed confirms beginning of taper-0.5%
• Jul 31, 2024Stocks rise; yields, dollar lower as Fed signals rate cut-0.5%
• Dec 27, 2023Dollar hits 5-mth low against euro as Fed seen closer to rate cuts+0.7%

After 151 past bullish macro events, Corn moved a median +0.2% over 5 sessions (57% higher; middle half -0.9% to +1.4%), and -0.3% over 20.

• Oct 9, 2020Dollar drifts downward as investors cling to stimulus hopes | Financial Post+3.7%
• Nov 3, 2023Stocks jump, dollar and yields drop after US jobs market softens+1.0%
• Dec 11, 2019Dollar slips to 4-month low as Fed holds rates, nixes hike hopes+5.1%
• Mar 13, 2023Dollar slides as Fed rate hike outlook tumbles after SVB collapse+0.8%
• Jan 30, 2019U.S. Dollar Dives after Federal Reserve Moves to the Sidelines+0.2%

After 123 past bullish macro events, Soybeans moved a median +0.3% over 5 sessions (60% higher; middle half -1.0% to +1.8%), and -0.4% over 20.

• Oct 9, 2020Dollar drifts downward as investors cling to stimulus hopes | Financial Post+1.2%
• Nov 3, 2023Stocks jump, dollar and yields drop after US jobs market softens+1.8%
• Dec 11, 2019Dollar slips to 4-month low as Fed holds rates, nixes hike hopes+3.1%
• Nov 1, 2025US dollar slips as trade optimism boosts risk appetite+0.2%
• Mar 13, 2023Dollar slides as Fed rate hike outlook tumbles after SVB collapse-2.4%