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Asian stocks were set for their best week since July while the dollar index fell 0.2% to 100.18 after a five-week low, extending a slide after the Fed kept its forecast at three hikes this year. US Treasury yields recovered after initially falling.
Markets were also watching the G20 finance leaders' meeting in Germany.
A weaker dollar and firmer global risk appetite support dollar-priced commodities, though the G20 meeting on trade protectionism could introduce headline risk for trade flows.
thehindubusinessline.comRajalakshmi SMar 17, 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.
