Loading…
The dollar rose to a two-month high against the yen after the Fed signaled another 2017 hike and the start of balance-sheet reduction. Bonds and commodities fell while European bank stocks rose, and the euro dropped to about $1.1890.
A stronger dollar and rising US yields put downward pressure on dollar-priced commodities, and a firmer dollar makes foreign import purchases more expensive for buyers.
timesofmalta.comSep 22, 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.
After 533 past bearish macro events, Euro (USD per EUR) moved a median -0.3% over 5 sessions (33% higher; middle half -1.2% to +0.2%), and -0.5% over 20.
Not enough comparable past events yet for a historical read.
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.
