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ING previewed the Fed meeting, saying markets priced a quarter-point cut with about 63bp of easing by year-end. It argued the Fed would struggle to push the dollar lower and that high-yielding currencies such as the Canadian dollar could outperform.
If the Fed signals less easing than priced, the dollar tends to firm, which can weigh on dollar-denominated commodity prices and the feed markets that depend on them.
think.ing.comFrancesco PesoleJul 31, 2019After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
Not enough comparable past events yet for a historical read.
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.
