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The Forexlive wrap of November 1 covered the FOMC holding rates at 1.00%-1.25% while keeping a December hike alive. It also listed the Fed chair announcement, strong US manufacturing PMIs, and an OPEC report saying quotas would likely stay in place through 2018.
A Fed signal toward tighter policy supports the dollar, which tends to pressure dollar-priced grain and meal values. Stable OPEC quotas keep energy input costs steady for now.
investinglive.comNov 1, 2017After 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.
