Hotter-than-expected U.S. October inflation and hawkish Fed commentary drove a sharp repricing of interest-rate expectations. The article highlights USD/JPY and USD/CAD as especially sensitive to the shift, and reports that one-year U.S. dollar overnight-indexed swaps rose 27.5 basis points.
A stronger dollar can raise the cost of dollar-priced commodities for foreign buyers and weigh on demand. The currency move may also affect the competitiveness of U.S. exports.
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.
Not enough comparable past events yet for a historical read.
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.