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The FOMC kept its target rate at 0 to 0.25% and held monthly Treasury and MBS purchases at $80 billion and $40 billion. The statement downgraded its view of the recovery, with no mention of tapering.
Steady ultra-easy policy with no taper signal keeps liquidity high, a modest support for commodities priced in dollars.
actionforex.comWells Fargo SecuritiesJan 28, 2021After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.
