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The dollar was headed for its best week in nearly nine months as the euro and yen failed to recover losses following the Fed's hawkish shift. The dollar index reached a more than two-month high of 92.071.
A stronger dollar against the euro and yen raises the local-currency cost of dollar-priced feed imports in Europe and Asia, which can dampen demand and pressure US export prices.
brecorder.comReutersJun 18, 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.
After 533 past bearish macro events, Euro (USD per EUR) moved a median -0.3% over 5 sessions (33% higher; middle half -1.2% to +0.2%), and -0.5% over 20.
Not enough comparable past events yet for a historical read.
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.
