# Fed's rate-cut foot-dragging grates on global peers at IMF meetings | Reuters

> Reuters reports that the Federal Reserve's delay in cutting rates is frustrating global peers at IMF meetings. The unexpected U.S. policy stance has strengthened the dollar, pressuring other currencies and raising the prospect of currency intervention in Asia. Latin American central banks are also having to adjust their rate-cut plans.

- Date: 2024-04-19 · published 2024-04-19T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/30939-fed-s-rate-cut-foot-dragging-grates-on-global-peers-at-imf-meetings-reuters
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md), [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A stronger dollar and weaker emerging-market currencies such as the Brazilian real and Mexican peso make dollar-priced grain and oilseed exports cheaper for buyers abroad, which can weigh on US prices while supporting Latin American export competitiveness.

## Read by commodity

- DXY: bullish ▲
- USDBRL: bullish ▲
- USDMXN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-12-16 | [Dollar edges higher against major peers as investors eye Fed rate cut \| Reuters](https://feedsoft.ai/events/27178-dollar-edges-higher-against-major-peers-as-investors-eye-fed-rate-cut-reuters.md) | +0.5% | +1.6% |
| DXY | 2024-02-21 | [Fed worried about cutting rates too soon, minutes of January meeting show](https://feedsoft.ai/events/31868-fed-worried-about-cutting-rates-too-soon-minutes-of-january-meeting-show.md) | -0.0% | -0.1% |
| DXY | 2025-01-29 | [Gold dips as dollar, yields climb after Fed stands pat on rates \| Reuters](https://feedsoft.ai/events/26412-gold-dips-as-dollar-yields-climb-after-fed-stands-pat-on-rates-reuters.md) | -0.1% | -0.8% |
| DXY | 2024-11-27 | [Euro's bruising leaves global investors on edge \| Reuters](https://feedsoft.ai/events/27620-euro-s-bruising-leaves-global-investors-on-edge-reuters.md) | -0.5% | +0.7% |
| DXY | 2024-01-24 | [Investors temper US rate cut bets as Fed meeting looms](https://feedsoft.ai/events/32288-investors-temper-us-rate-cut-bets-as-fed-meeting-looms.md) | -0.4% | -0.1% |
| USDBRL | 2023-06-27 | [Brazil central bank minutes raise possibility of August rate cut \| Reuters](https://feedsoft.ai/events/35693-brazil-central-bank-minutes-raise-possibility-of-august-rate-cut-reuters.md) | +0.4% | -0.5% |
| USDBRL | 2018-06-13 | [Why US rates have a global impact](https://feedsoft.ai/events/64709-why-us-rates-have-a-global-impact.md) | +1.5% | +5.1% |
| USDBRL | 2024-12-18 | [Dollar index hits two-year high after Fed delivers rate cut](https://feedsoft.ai/events/26849-dollar-index-hits-two-year-high-after-fed-delivers-rate-cut.md) | +1.3% | -1.1% |

## Sources

- reuters.com: https://www.reuters.com/markets/rates-bonds/feds-rate-cut-foot-dragging-grates-global-peers-imf-meetings-2024-04-19/

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.