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The dollar jumped on May 9, 2017 as fed funds futures priced an 87.7% chance of a June Fed hike, up from 67.5% a week earlier. The dollar index touched 99.55 while the yen and Swiss franc weakened.
Rising odds of a June hike strengthen the dollar, which can pressure US commodity export prices and shift foreign buyer costs.
actionforex.comWells Fargo SecuritiesMay 9, 2017After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), 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.
