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The dollar index fell 1.10% to 93.15 after a dovish FOMC statement that left the 1%-1.25% target range unchanged but gave looser timing on balance sheet reduction. Higher-yielding currencies such as the New Zealand and Australian dollars rallied.
A broad dollar selloff lifts dollar-denominated commodity prices and makes US feed exports cheaper for foreign buyers.
actionforex.comSwissquote Bank SAJul 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.
After 151 past bullish macro events, Corn moved a median +0.2% over 5 sessions (57% higher; middle half -0.9% to +1.4%), and -0.3% over 20.
After 123 past bullish macro events, Soybeans moved a median +0.3% over 5 sessions (60% higher; middle half -1.0% to +1.8%), 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.
