Dollar drops after Fed launches new loan program

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

• Dec 1, 2022US dollar plunges in Vietnam after new Fed signal-0.6%
• Nov 28, 2018Dollar drops as Fed's Powell says rates near neutral-0.8%
• Feb 1, 2021Dollar inches lower after Fed's Powell says not hiking rates anytime soon+0.3%
• Dec 14, 2017Dollar nurses losses after Fed keeps outlook unchanged; ECB eyed | Gold Eagle-0.4%
• Jul 10, 2023US dollar drops to three-week low as Fed rate hikes nearly done-1.7%

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.

• 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%
• Nov 3, 2023US dollar tumbles to six-week low after soft jobs data+1.0%
• Dec 11, 2019Dollar slips to 4-month low as Fed holds rates, nixes hike hopes+5.1%
• Mar 17, 2017Dollar crunched by cautious Fed, bonds and commodities cheer | Daily FT-1.8%

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

• Mar 13, 2023Dollar slides as Fed rate hike outlook tumbles after SVB collapse-2.4%
• Jan 30, 2019U.S. Dollar Dives after Federal Reserve Moves to the Sidelines+0.1%
• Nov 3, 2023US dollar tumbles to six-week low after soft jobs data+1.8%
• Dec 11, 2019Dollar slips to 4-month low as Fed holds rates, nixes hike hopes+3.1%
• Jul 28, 2021US dollar, stocks dip as Fed keeps taper timing close to chest-1.8%