◂ Event Timeline

Jun 14, 2018MACROGlobal

Fed-driven dollar surge fades, focus moves to ECB meeting

The dollar slipped back from three-week highs after the Fed signalled two more rate hikes this year. Traders took profits ahead of the European Central Bank meeting, and the China central bank did not follow the Fed's hike.

WHY IT MATTERS

A pullback in the dollar after a short rally offers limited support to dollar-priced commodities, so the net price effect is modest.

AFFECTSUS Dollar (Broad)◆

SOURCE
moneyweb.co.zaTomo Uetake, ReutersJun 14, 2018

Price reaction & history

US Dollar (Broad)◆neutralSO FAR1d +0.5%5d +1.1%20d +0.5%

After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% over 20.

Oct 30, 2025Dollar hands back some gains after Fed meeting; euro looks to ECB By Investing.com+1.1%
Sep 26, 2018A crucial Fed meeting for the dollar | articles | ING THINK+0.2%
Oct 28, 2019Dollar supported before Fed meeting, Brexit delay in focus - The HinduBusinessLine-0.3%
Oct 8, 2024Dollar steady, focus on Fed path, China, Middle East+0.9%
Jun 17, 2019Forex Market: Dollar steady ahead of Fed meeting; low chances of June rate cut-0.9%

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.

US Dollar (Broad) DXY · GP ▸

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