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The dollar strengthened across the board after the Federal Reserve kept its benchmark rate unchanged. The Fed's projections showed policymakers expect a rate hike later this year.
A projected hike supports the dollar, making dollar-denominated feed commodities more expensive for overseas buyers.
reuters.comSaqib AhmedJun 17, 2026After 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.
The June 17 Fed hold with projected hike was the main catalyst, repricing rate expectations and lifting the dollar broadly at the start of the window.
