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BBH notes the US dollar was narrowly mixed after selling off following the FOMC statement. Analysts say the Fed's dovish read came from changed wording on inflation, and that futures pricing for the Fed path was largely unchanged.
Little change in rate expectations limits dollar direction, so commodity price effects from currency moves stay small.
octaafrica.netJul 27, 2017After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% 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.
