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The dollar index is holding support near 100.50 and rising Treasury yields are lifting real yields, with futures pricing a 100% chance of a December Fed hike. The analysis expects EUR/USD to test lows near 0.95 by end-2017 and gold to stay under pressure.
Expected Fed tightening and a firmer dollar tend to push dollar-denominated commodity prices lower and tighten financing for importers in emerging markets.
nasdaq.comDailyFXNov 29, 2016After 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.
After 533 past bearish macro events, Euro (USD per EUR) moved a median -0.3% over 5 sessions (33% higher; middle half -1.2% to +0.2%), 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.
