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The FOMC left the federal funds target range at 0.25% as expected. The dollar strengthened modestly and EUR/USD fell to lows near 1.1765 after the statement.
A firmer dollar after the Fed decision makes dollar-priced feed commodities slightly more expensive for foreign buyers, though the move was small.
octaafrica.netJul 28, 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.
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.
