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The US Dollar Index approached 103, a 19-month high, ahead of speeches from several Fed officials. The rally followed US October core CPI rising 0.3% and headline CPI up 0.4%.
A firmer dollar ahead of Fed commentary signals tighter US policy expectations, which can weigh on dollar-priced commodity demand from importing countries.
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.