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The dollar strengthened broadly after the Fed set a path toward a December rate hike while cutting its longer-term rate and inflation projections. Analysts described the rally as a relief move rather than a convincing repricing.
A modest dollar bounce is mildly bearish for dollar-priced commodities, though the weak reaction suggests limited durable pressure on feed prices.
poundsterlinglive.comJames SkinnerSep 21, 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.
