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Fed minutes showed policymakers debated inflation and the path of future rate increases, which made the central bank appear slightly less hawkish. The dollar index slipped to a two-week low of 92.891, and spot gold rose to about $1,294 an ounce.
A softer dollar outlook supports dollar-priced commodities and can help export demand for grains and meals. The change in Fed tone is modest, and December hike expectations remained strong.
actionforex.comMultiBank Exchange GroupOct 12, 2017After 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.
