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The dollar weakened against the yen on U.S. election worries, while sterling rose more than one percent after a UK court ruled Parliament must approve the start of Brexit talks. The dollar recovered some ground against the euro ahead of a Fed meeting that pointed to a possible December rate hike.
A firmer dollar outlook from a likely Fed hike tends to pressure dollar-denominated commodity prices, while the election uncertainty keeps currency volatility elevated.
cnbc.comReutersNov 3, 2016After 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.
