# Commodities outlook: Fed triggers copper reaction

> The US Federal Reserve cut its benchmark rate by 25 basis points but signaled no further easing, which lifted the dollar to levels not seen since May 2017. Gold and copper fell with most major commodities, while oil held up better on a larger-than-expected drop in US inventories and lower OPEC output.

- Date: 2019-08-01 · published 2019-08-01T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/57509-commodities-outlook-fed-triggers-copper-reaction
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A stronger dollar makes dollar-priced commodities more expensive for foreign buyers, which weighs on feed ingredient demand. Crude's relative resilience supports energy-linked input costs.

## Read by commodity

- DXY: bullish ▲
- WTI: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-09-27 | [Dollar rally, recession fears wreak havoc on commodities](https://feedsoft.ai/events/11908-dollar-rally-recession-fears-wreak-havoc-on-commodities.md) | -1.1% | -0.8% |
| DXY | 2024-12-19 | [The Commodities Feed: Fed comments weigh on the complex \| ING THINK](https://feedsoft.ai/events/26850-the-commodities-feed-fed-comments-weigh-on-the-complex-ing-think.md) | +0.5% | +1.4% |
| DXY | 2018-06-25 | [COT Dollar strength and trade fears trigger big changes across forex and commodities \| Saxo](https://feedsoft.ai/events/11644-cot-dollar-strength-and-trade-fears-trigger-big-changes-across-forex-and.md) | -0.0% | +0.1% |
| DXY | 2022-07-01 | [WCU: Peak recession fears bring commodities down to earth \| Saxo](https://feedsoft.ai/events/40401-wcu-peak-recession-fears-bring-commodities-down-to-earth-saxo.md) | +1.2% | +0.7% |
| DXY | 2025-07-31 | [Fed's reticence on rate cuts forces market to rethink outlook](https://feedsoft.ai/events/23662-fed-s-reticence-on-rate-cuts-forces-market-to-rethink-outlook.md) | -0.7% | -0.6% |
| WTI | 2019-07-22 | [Fed: Rate call eyed for commodity direction – ABN AMRO — Octa](https://feedsoft.ai/events/58019-fed-rate-call-eyed-for-commodity-direction-abn-amro-octa.md) | +1.1% | -1.2% |
| WTI | 2023-06-29 | [The Commodities Feed: Hawkish Fed comments weigh on the complex \| articles \| ING THINK](https://feedsoft.ai/events/35414-the-commodities-feed-hawkish-fed-comments-weigh-on-the-complex-articles-ing.md) | +3.2% | +15.2% |
| WTI | 2023-08-28 | [Commodities Week Ahead: After Fed, US Jobs Pose Next Challenge for Oil \| Investing.com](https://feedsoft.ai/events/34486-commodities-week-ahead-after-fed-us-jobs-pose-next-challenge-for-oil-investing.md) | +6.6% | +11.7% |

## Sources

- ii.co.uk: https://www.ii.co.uk/analysis-commentary/commodities-outlook-fed-triggers-copper-reaction-ii508855

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