◂ Event Timeline

Aug 7, 2019MACROUS

U.S. dollar - When will bulls turn to bears?

Interest rate futures show traders fully expect the Fed to cut rates again at its September meeting, after the first cut in a decade. The article frames the dollar outlook around this expectation.

WHY IT MATTERS

Expected rate cuts weaken the dollar over time, which can support dollar-denominated commodity prices including feed grains and oilseeds.

AFFECTSDXY▼

SOURCE
reuters.comGertrude Chavez-DreyfussAug 7, 2019

Price reaction & history

DXY▼bearishSO FAR1d +0.1%5d +0.0%20d +0.8%

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.

Aug 31, 2020U.S. dollar's woes are only beginning, some bears say+0.1%
Apr 17, 2025Trade Wars and the U.S. Dollar | PIMCO-0.2%
Dec 29, 2017Dollar falls to end worst year since 2003, bitcoin soars-1.1%
Jul 30, 2020Dollar will weaken further while bond yields strengthen: Wells Fargo-0.3%
Oct 17, 2022Dollar dips as UK budget U-turn improves market sentiment-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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