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Ahead of the European Central Bank's policy meeting, the euro firmed while the dollar index eased to 93.48, a six-day low. Markets expected the ECB to take a step toward policy normalisation.
Dollar/yen traded near 113.68 and Fed chair speculation was also in focus.
Dollar weakness tied to ECB policy tends to support dollar-priced commodities modestly, but the effect here is small and mainly sentiment-driven.
actionforex.comXM.comOct 26, 2017After 4,478 past macro events, US Dollar (Broad) moved a median +0.0% over 5 sessions (51% higher; middle half -0.4% to +0.5%), and +0.1% over 20.
Not enough comparable past events yet for a historical read.
After 1,108 past macro events, Euro (USD per EUR) moved a median -0.1% over 5 sessions (46% higher; middle half -0.7% to +0.6%), and -0.3% 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.
