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Sterling fell over a third of a percent to $1.3109 after the Fed raised rates and the dollar gained broadly. Investors were waiting for Brexit headlines, with no fresh economic data expected near term.
A firmer dollar after the Fed hike tends to weigh on dollar-priced commodities, though the move here is driven mainly by currency flows rather than crop fundamentals.
freemalaysiatoday.comReutersSep 27, 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.
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.
