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The dollar index climbed to a near 14-year high on Wednesday, with the euro at its weakest level in almost a year against the greenback. Weaker-than-forecast U.S. producer price and industrial production data capped the rally, and analysts expected a short-term pullback.
A strong dollar on expectations of pro-growth policy and higher rates weighs on U.S. feed commodity export prices, although analysts see a possible near-term retreat.
cnbc.comReutersNov 16, 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.
Dollar index reached a near 14-year high on 11/16 with the euro at a one-year low, though weak US PPI and industrial production data capped the rally.
