
EUR/USD fell toward 1.0830 after the Federal Reserve held its policy rate at 4.25%-4.50% and signalled no rush to cut. The Fed also raised its core PCE inflation forecast to 2.8% and lowered its GDP growth forecast to 1.7%, citing tariff effects.
A Fed signal of fewer rate cuts supports the dollar, which can pressure dollar-denominated grain and meal prices and make US exports less competitive. Slower US growth forecasts also point to softer long-run industrial and energy demand.
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.
After 533 past bearish macro events, Euro (USD per EUR) moved a median -0.3% over 5 sessions (33% higher; middle half -1.2% to +0.2%), and -0.5% 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.