The dollar inched lower on Thursday after its overnight gains, as traders digested the Fed decision and US-China trade talks. The Fed cut rates to 3.75% to 4%, and traders lowered December cut odds to 71% from 90%.
The safe-haven dollar was supported by trade uncertainty.
Dollar moves tied to rate-cut odds and trade risk shift the cost of dollar-priced feed ingredients, though the move was small and mostly a pullback.
After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% 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.