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The U.S. dollar extended gains on Tuesday after Chicago Fed President Charles Evans made hawkish remarks, floating the prospect of rate hikes. Stocks still finished higher, helped by Amazon, despite COVID-19 restriction worries.
Expectations of earlier Fed tightening strengthen the dollar, which typically weighs on dollar-priced commodities and makes US feed exports less competitive.
reuters.comRodrigo CamposSep 22, 2020After 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.
