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An explainer describes how currencies typically respond to US rate cuts, citing the Fed's 50 basis point cut in September that brought the fed funds rate to 4.875%. It covers how the euro, yen and Swiss franc tend to react to lower US rates.
The explainer offers background on how dollar moves after Fed easing feed through to global currencies, but it does not signal a new price move for feed commodities.
cmegroup.comCME GroupDec 1, 2024After 4,478 past macro events, US Dollar (Broad) moved a median +0.0% over 5 sessions (51% higher; middle half -0.4% to +0.5%), 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.
