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Sterling rose to $1.3157 after a more cautious Federal Reserve statement suggested the next US rate hike may be some way off, sending the dollar lower. The euro also rallied against the dollar.
A softer dollar on expectations of slower US tightening supports dollar-priced commodities and export demand, though the effect on feed prices is modest.
theguardian.comJulia KolleweJul 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.
