
Markets are pricing in nearly 78% odds of another Federal Reserve rate hike in December following a strong U.S. jobs report. The article outlines possible USD/CHF and GBP/USD setups ahead of October U.S. CPI, noting that softer inflation could reduce hike bets and weigh on the dollar.
A softer CPI reading could lower expectations for U.S. rates and pressure the dollar, while a stronger reading could support it. These are conditional market scenarios rather than a reported change in supply or demand.
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.
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.