◂ Event Timeline

Jun 19, 2020MACROUS

Japan begins to unwind dominant position in dollar swaps with Fed

Wall Street stock indexes closed firmer on Friday, with the Nasdaq and S&P 500 reaching record highs. New data showing US labor market weakness raised expectations for interest rate cuts as early as September.

WHY IT MATTERS

Lower US rates and weaker labor data tend to weaken the dollar, which can support dollar-priced commodities and firm feed input demand from importers. The effect on grain and oilseed prices is indirect and modest.

AFFECTSDXY▼

SOURCE
reuters.comJun 19, 2020

Price reaction & history

DXY▼bearishSO FAR1d +0.0%5d +0.1%20d -0.9%

After 1,637 past bearish macro events, DXY moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.

Jul 31, 2026US Dollar: Post-Fed losses extend as positioning unwinds – ING-0.1%
Dec 22, 2025Japan's yen rises vs dollar on intervention hints; US dollar slumps | Reuters-0.5%
Feb 4, 2026U.S. dollar rebound to be cut short by rate cut bets, doubts over Fed independence: Reuters poll | Reuters-0.4%
Sep 9, 2022Dollar slides as investors balance positions ahead of U.S. inflation data | Reuters+0.2%
Oct 21, 2026Dollar dips as traders wait on Fed; Aussie gains By Reuters+0.5%

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.

DXY · GP ▸

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