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Sterling slipped after the dollar strengthened following the Federal Reserve's decision to keep rates on hold, which disappointed investors expecting more easing. Attention then turned to the Bank of England's policy meeting and minutes, with bleak economic projections expected amid Brexit and COVID-19 risks.
A stronger dollar after the Fed hold raises the cost of dollar-priced feed imports for non-US buyers. The effect on grain and feed prices is limited.
financialpost.comReutersSep 17, 2020Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% 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.
