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The US dollar stabilized ahead of the Federal Reserve rate decision, with the dollar index near 98.1. ADP data showed private-sector job growth of 156,000 in July, and markets expected a quarter-point cut.
Currency moves ahead of the Fed decision influence dollar-denominated commodity prices, but this routine update reflects no new fundamental shift for feed supply or demand.
economies.comRami HaddadJul 31, 2019Not 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.
