Loading…
The dollar index edged down 0.1% to 98.963 while the yen held firm on North Korea tensions. Strong US wage data and weak GDP both featured in the week's outlook.
The Fed was expected to possibly hike rates twice more this year.
Expectations of Fed hikes support the dollar, which can pressure dollar-denominated commodity prices and import costs for feed buyers abroad.
lachlanrussell.comReutersMay 1, 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.
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.
