
The Dollar Index closed up 0.51% at 102.11 as markets shifted attention from strong payrolls to US October inflation data. Deutsche Bank’s economists expect slower monthly CPI and PPI increases and still project quarter-point Fed rate hikes in December and March, absent a material tightening in financial conditions.
Expected Fed rate increases could support the dollar, while softer inflation readings could temper expectations for tightening and limit that support.
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.
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.