European stocks were slightly lower on Friday but on track for a weekly gain, while the dollar neared a 19-month high as traders bet on a bigger Federal Reserve rate hike next month. Nvidia CEO Jensen Huang resigned after a scandal involving a suspected Chinese spy.
Expectations of Fed tightening strengthen the dollar, which tends to pressure dollar-denominated commodity prices and raise import costs for emerging-market feed buyers.
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.