# US dollar approaches 2-month high ahead of Fed's decisions

> The US dollar index traded near a two-month high of about 98.13 ahead of the Fed decision. Private-sector payrolls rose by 156,000 in July, above forecasts, and the Fed was widely expected to cut by 25 basis points.

- Date: 2019-07-31 · published 2019-07-31T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/58270-us-dollar-approaches-2-month-high-ahead-of-fed-s-decisions
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A firmer dollar ahead of the Fed decision tends to weigh on dollar-priced commodities and export competitiveness for US feed ingredients.

## Read by commodity

- DXY: bullish ▲
- CORN: bearish ▼

## Sources

- economies.com: https://www.economies.com/forex/news/us-dollar-approaches-2-month-high-ahead-of-feds-decisions-30236

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