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The Federal Reserve held interest rates steady, and the Bloomberg Dollar Spot Index slipped 0.03% to 102.339 after the announcement. Chair Warsh's press conference followed the policy decision.
A firm dollar raises the cost of US commodity exports and tends to pressure grain and oilseed prices, while a steady rate outlook supports the currency.
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.