
The 10-year US Treasury yield fell to 4.91% on November 2, down from 5.05% on October 28 and 5.31% on October 5. The Federal Reserve held its target range at 3.75% to 4.00% in a 10-2 vote, with two members preferring a rate increase.
Lower US yields reduce the pull of dollar assets on Asian capital, which has steadied regional currencies. The two dissenting votes for a hike keep the risk of tighter policy in December, which could reverse that support.
After 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.
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.