
The dollar was on track to end a four-month rally after Fed Chairman Jerome Powell signaled on June 19, 2019 that the central bank could cut rates as soon as the next month. It would be the first cut since 2008.
The shift marked a reversal in the Fed's policy stance.
A reversal in the dollar rally eases pressure on dollar-denominated commodity prices and can improve the export competitiveness of U.S. feed grains. Lower borrowing costs also support broader commodity demand.
Tras 1637 eventos bajista de macro pasados, Dólar estadounidense (amplio) se movió una mediana de -0,2 % en 5 sesiones (39% al alza; mitad central entre -0,6 % y +0,3 %), y -0,2 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.
Powell's June 19 signal of a possible cut as soon as next month reversed Fed policy stance and ended the dollar's four-month rally.