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Euromoney reports that expectations for Federal Reserve rate cuts in 2024 are fading, with Goldman Sachs' David Solomon warning of possibly no cuts this year. Japan and Korea have struggled to support their currencies, and the yen hit its lowest since 1990.
Delayed US rate cuts keep the dollar strong, raising import costs in Asian feed markets and weighing on dollar-priced commodities.
euromoney.comPaul GoldenMay 24, 2024After 2,356 past bullish macro events, DXY moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
Not enough comparable past events yet for a historical read.
Not 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.
