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The Fed held rates unchanged at its May 2017 meeting and issued its FOMC statement. The statement said job gains were solid, the unemployment rate declined, and inflation ran somewhat below 2 percent.
A hold with a firm labor-market read supports expectations of further hikes, which tends to firm the dollar and weigh on dollar-denominated commodity prices.
betiforex.comGreg MichalowskiMay 3, 2017After 53 past bullish report events, US Dollar (Broad) moved a median +0.1% over 5 sessions (51% higher; middle half -0.4% to +0.5%), and +0.5% 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.
