# Commodities outlook: It's all action as Fed decides

> The ECB's Mario Draghi hinted at a possible rate cut to support a slowing eurozone economy, and markets priced in a cut as soon as July. Copper and oil rose on expectations of looser policy, and Trump said talks with China were reopening. The Fed was expected to signal a dovish stance later the same day.

- Date: 2019-06-19 · published 2019-06-19T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/58511-commodities-outlook-it-s-all-action-as-fed-decides
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Looser monetary policy in the euro area and US tends to weaken the dollar and support industrial commodities and crude, which lowers the relative cost of imported feed inputs.

## Read by commodity

- DXY: bearish ▼
- WTI: bullish ▲
- BRENT: bullish ▲
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2017-03-17 | [Dollar crunched by cautious Fed, bonds and commodities cheer \| Daily FT](https://feedsoft.ai/events/71922-dollar-crunched-by-cautious-fed-bonds-and-commodities-cheer-daily-ft.md) | +0.5% | -1.0% |
| EURUSD | 2018-07-20 | [GBP: Stormy Outlook As Dark Clouds Gather Over Westminster  \| Investing.com](https://feedsoft.ai/events/64278-gbp-stormy-outlook-as-dark-clouds-gather-over-westminster-investing-com.md) | +0.4% | -1.9% |
| EURUSD | 2016-06-28 | [EU wheat prices weaken as firmer euro dents export outlook](https://feedsoft.ai/events/11730-eu-wheat-prices-weaken-as-firmer-euro-dents-export-outlook.md) | +0.5% | -0.4% |
| EURUSD | 2018-12-20 | [Euro Outlook has Brightened as Currency Bloc's Stars Align for a Recovery](https://feedsoft.ai/events/61768-euro-outlook-has-brightened-as-currency-bloc-s-stars-align-for-a-recovery.md) | +0.2% | -0.3% |
| EURUSD | 2022-11-11 | [Dollar set for biggest two-day fall since 2009 as rate outlook shifts](https://feedsoft.ai/events/38843-dollar-set-for-biggest-two-day-fall-since-2009-as-rate-outlook-shifts.md) | +1.7% | +3.6% |
| DXY | 2023-04-12 | [The Commodities Feed: All eyes on US CPI \| articles \| ING THINK](https://feedsoft.ai/events/36345-the-commodities-feed-all-eyes-on-us-cpi-articles-ing-think.md) | -0.4% | -0.6% |
| DXY | 2017-08-24 | [The Assay - Why the FED’S actions are bullish for commodity prices](https://feedsoft.ai/events/69364-the-assay-why-the-fed-s-actions-are-bullish-for-commodity-prices.md) | -0.4% | -0.8% |
| DXY | 2023-03-13 | [Dollar slides as Fed rate hike outlook tumbles after SVB collapse](https://feedsoft.ai/events/37051-dollar-slides-as-fed-rate-hike-outlook-tumbles-after-svb-collapse.md) | +0.3% | -1.6% |

## Sources

- ii.co.uk: https://www.ii.co.uk/analysis-commentary/commodities-outlook-its-all-action-fed-decides-ii508490

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