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The US dollar fell as tariff concerns eased, and Fed Chair Powell said the central bank was in no rush to cut its short-term rate. Futures priced in about 36 basis points of Fed cuts by year-end, little changed from before his comments.
Easing tariff worries and a patient Fed weaken the dollar, which tends to support dollar-priced commodities and make US exports cheaper for foreign buyers.
reuters.comKaren BrettellFeb 11, 2025After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.
