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Sterling rose after the Federal Reserve kept US interest rates unchanged. The headline gives no further detail on the Fed's policy stance or the size of the move.
Steady Fed rates keep the dollar's yield advantage limited, which can support a weaker dollar and firmer dollar-priced commodities.
thetimes.comBen MartinJul 29, 2020Not enough comparable past events yet for a historical read.
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.
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.
