Dollar Rallies and Gold Sinks as Fed Rate Cut Hopes Recede

After 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.

• Jul 30, 2025Canadian Dollar recedes after Fed rate hold — Octa-0.0%
• Mar 20, 2025Dollar rises as Fed sees no rush to cut rates+0.3%
• Mar 24, 2026Gold loses over 1% as dollar firms, Fed cut hopes fade | MarketScreener UAE Emirates+1.1%
• Jul 31, 2025Interest rates: Aussie dollar feels the chill as Federal Reserve cools rate cut hopes-0.7%
• Dec 15, 2023Dollar rebounds as Fed's Williams talks down rate cuts-0.2%

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.

• Sep 23, 2020Dollar rallies as Fed, COVID-19 and recovery worries swirl | Financial Post+0.1%
• Dec 15, 2016Dollar charges higher after Fed hikes rates-2.2%
• Aug 31, 2022‘King dollar’ surges as Fed presses ahead with rate rises-0.8%
• Nov 3, 2025Dollar edges up as rate cut outlook remains clouded | Reuters+0.3%
• May 3, 2017Dollar Inches up as Fed Eyed for June Rate Steer | Fox Business-0.3%