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The dollar index gave up early gains and fell to around 92.40 after the FOMC held rates at 1.50-1.75% and signaled further gradual hikes. US 10-year yields dropped back toward 2.96%.
A brief dollar pullback after the Fed meeting gives modest near-term relief to dollar-priced commodities. The broader trend still depends on the expected pace of Fed tightening.
octaafrica.netMay 2, 2018After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.
