Dollar up as Powell downplays chances of negative U.S. interest rates

After 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.

• Jul 27, 2021Canadian dollar falls as China stock sell-off spooks investors | Financial Post-0.5%
• Oct 3, 2018Powell says we're 'a long way' from neutral on interest rates+0.6%
• May 26, 2023C$ posts weekly decline as investors eye higher U.S. rates | Financial Post-0.7%
• Aug 28, 2023Dollar steady as Powell says higher rates may be needed - Business & Finance - Business Recorder+0.2%
• Dec 15, 2022Oil prices slid 2% as dollar firms and central banks hike interest rates+0.4%

After 301 past bearish macro events, Corn moved a median -0.1% over 5 sessions (47% higher; middle half -2.2% to +1.3%), and +0.2% over 20.

• Sep 23, 2021Gold prices ease as dollar firms on Fed rate hike comments | Financial Post+1.3%
• Aug 15, 2022Soy dives on China's economic uncertainty | Financial Post-1.1%
• Mar 8, 2023The U.S. dollar bounces to 2023 high as Fed’s Powell signals higher rates - MarketWatch-1.6%
• Jun 30, 2021U.S. dollar posts best month since November 2016; nonfarm payrolls loom | Financial Post-0.4%
• Apr 21, 2022China's yuan slides to 6-month low as tightening prospects help dollar | Financial Post-1.5%

After 273 past bearish macro events, Soybeans moved a median -0.4% over 5 sessions (44% higher; middle half -2.4% to +1.4%), and -0.5% over 20.

• Aug 15, 2022Soy dives on China's economic uncertainty | Financial Post-10.8%
• Mar 8, 2023The U.S. dollar bounces to 2023 high as Fed’s Powell signals higher rates - MarketWatch-1.7%
• Jun 30, 2021U.S. dollar posts best month since November 2016; nonfarm payrolls loom | Financial Post+2.0%
• Apr 21, 2022China's yuan slides to 6-month low as tightening prospects help dollar | Financial Post-1.2%
• May 13, 2021Soybeans retreat from 8-1/2-year high as dollar holds gains | Financial Post-7.4%