# Dollar supported before Fed meeting, Brexit delay in focus - The HinduBusinessLine

> 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.

- Date: 2019-10-28 · published 2019-10-28T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/56780-dollar-supported-before-fed-meeting-brexit-delay-in-focus-the-hindubusinessline
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

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.

## Read by commodity

- DXY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-09-26 | [A crucial Fed meeting for the dollar \| articles \| ING THINK](https://feedsoft.ai/events/63240-a-crucial-fed-meeting-for-the-dollar-articles-ing-think.md) | +0.2% | +1.5% |
| DXY | 2016-11-04 | [Stocks slip on US election nerves; pound up on Brexit ruling - The HinduBusinessLine](https://feedsoft.ai/events/74077-stocks-slip-on-us-election-nerves-pound-up-on-brexit-ruling-the.md) | +1.9% | +2.9% |
| DXY | 2018-06-14 | [Fed-driven dollar surge fades, focus moves to ECB meeting - Moneyweb](https://feedsoft.ai/events/64710-fed-driven-dollar-surge-fades-focus-moves-to-ecb-meeting-moneyweb.md) | +1.1% | +0.5% |
| DXY | 2019-09-19 | [Has the Fed plugged the US dollar leak? - MacroBusiness](https://feedsoft.ai/events/57275-has-the-fed-plugged-the-us-dollar-leak-macrobusiness.md) | +0.6% | -0.6% |
| DXY | 2024-03-01 | [FX: A dollar decline is delayed, not deterred \| ING THINK](https://feedsoft.ai/events/31396-fx-a-dollar-decline-is-delayed-not-deterred-ing-think.md) | -0.8% | -0.1% |

## Sources

- thehindubusinessline.com: https://www.thehindubusinessline.com/markets/forex/dollar-supported-before-fed-meeting-brexit-delay-in-focus/article29811759.ece

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