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The dollar's broad selloff resumed after the Fed held rates at 1-1.25% and revised its core inflation outlook lower. The Fed also signaled balance sheet reduction would start relatively soon, with the official announcement expected in September.
Commodity currencies were the best performers that week.
A softer dollar and dovish Fed reduce the likelihood of further hikes, which supports dollar-priced commodities and the currencies of major exporters such as Australia.
actionforex.comTD Bank Financial GroupJul 27, 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.
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.
