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The Dollar Index closed at 100.93 on September 19, down 0.18 points, after the Fed's 50 basis point cut and a more dovish stance. The euro rose 0.4% to $1.1163, the yen weakened to 142.73, and the pound hit its highest level against the dollar since March 2022.
A softer dollar tends to support dollar-priced grain and oilseed prices by making them cheaper for buyers using other currencies. The daily move is small, so the price effect is limited.
vietnam.vnTạp chí Doanh NghiệpSep 20, 2024Not enough comparable past events yet for a historical read.
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.
