Yellens policy silence pressures dollar and supports gold

After 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.

• Aug 25, 2017Stocks rise, U.S. dollar eases as Yellen omits policy | Reuters-0.3%
• Aug 28, 2020Gold surges over 2% on waning dollar, Fed policy shift - The Business Times-0.5%
• Oct 31, 2017US Dollar-to-Yen Exchange Rate Uptrend To Continue To Be Supported By BoJ Policy | Exchange Rates UK-0.2%
• Jan 31, 2017Dollar slips amid Trump's hardening policy defence, yen benefits-0.6%
• Aug 28, 2020The Fed and gold: Powell's policy shift affects gold commodity prices-0.5%

After 388 past bullish macro events, Euro (USD per EUR) moved a median +0.3% over 5 sessions (62% higher; middle half -0.4% to +1.1%), and +0.1% over 20.

• Mar 5, 2020Dollar surrenders to euro and yen as rate supremacy ends | Financial Post+1.3%
• Jul 1, 2025Dollar lowest since 2021 against euro, gains on yen-0.5%
• Oct 31, 2024Euro Outperforms Dollar and Pound After Inflation and GDP Surprises-1.2%
• Dec 29, 2023Dollar sees first yearly loss since 2020-1.0%
• Sep 1, 2025EUR USD: Dollar Anxiety Has Boosted Euro, But Policymakers Face More Challenges+0.5%