# Metals React To Fed Shockwaves – Ready For Next Move | FXEmpire

> The Fed cut rates by 25 basis points on July 31, which the author attributes to housing weakness, dollar funding strains abroad, and global fear and greed. The piece argues the US economy is uniquely strong and that metals should keep reacting to these forces over the next 15 months or more.

- Date: 2019-08-02 · published 2019-08-02T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/57514-metals-react-to-fed-shockwaves-ready-for-next-move-fxempire
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

The argument that dollar scarcity is building outside the US suggests continued dollar strength, which would weigh on dollar-priced commodities and foreign demand for US exports.

## Read by commodity

- DXY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-09-18 | [Fed cuts interest rates again, gives mixed signals on next move \| Financial Post](https://feedsoft.ai/events/56974-fed-cuts-interest-rates-again-gives-mixed-signals-on-next-move-financial-post.md) | +0.2% | -0.3% |
| DXY | 2023-05-29 | [Inflation Shows No Signs of Cooling. What Does That Mean For Commodity Prices? \| FXEmpire](https://feedsoft.ai/events/35850-inflation-shows-no-signs-of-cooling-what-does-that-mean-for-commodity-prices.md) | -0.5% | -1.4% |
| DXY | 2023-08-28 | [US Dollar Index News: DXY Reacts to Powell’s Speech, Rate Hike Speculations Rise \| FXEmpire](https://feedsoft.ai/events/34785-us-dollar-index-news-dxy-reacts-to-powell-s-speech-rate-hike-speculations-rise.md) | +0.2% | +1.3% |
| 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 | 2020-06-30 | [Fed's Williams: No need to use negative rates in US - Forex Crunch](https://feedsoft.ai/events/52810-fed-s-williams-no-need-to-use-negative-rates-in-us-forex-crunch.md) | -0.9% | -2.8% |

## Sources

- fxempire.com: https://www.fxempire.com/forecasts/article/metals-react-to-fed-shockwaves-ready-for-next-move-590612

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