
The loonie held up against the US dollar as Canadian manufacturing PMIs improved, while the US dollar gained after strong ADP employment data. Investors were disappointed the Fed gave no clear timing for its next rate hike.
Fed rate-hike expectations shape the dollar's direction, which feeds into dollar-priced grain and oilseed values and US export competitiveness.
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.
Not enough comparable past events yet for a historical read.
After 565 past bearish macro events, Crude Oil (WTI) moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), 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.