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The dollar rose for a second day as firmer stock markets lifted demand for the greenback, while sterling fell after weaker-than-expected UK inflation. Markets were awaiting Fed minutes, with futures pricing a 77% chance of a December rate hike.
Dollar strength driven by rate expectations pressures import-dependent feed buyers' costs and can mildly weigh on US commodity prices.
businesstimes.com.sgOct 17, 2018After 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.
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.
