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The dollar rose to an eight-week high against the yen at 114.14 after the Fed signaled likely rate hikes and US economic optimism. The yen had firmed the prior session after Trump fired FBI Director Comey.
The article's dateline is May 11, though the page shows a 2018 update timestamp.
Dollar strength against the yen and expected US rate hikes can weigh on dollar-priced commodities, though the direct feed price impact is small.
thehindubusinessline.comThe HinduBusinessLineMay 11, 2017Not enough comparable past events yet for a historical read.
After 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.
