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The dollar traded near its highest in more than two months against the yen ahead of a Fed meeting where a third rate cut was expected. Analysts said the cut was largely priced in and that the dollar could rebound if the Fed signaled no further cuts.
Sterling was weaker as the EU agreed to delay Britain's exit to January 31.
Currency moves ahead of the Fed decision affect the dollar cost of imported feed inputs and the competitiveness of US exports. The Brexit delay adds volatility to sterling-linked trade flows.
thehindubusinessline.comReutersOct 28, 2019After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% 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.
