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The dollar was roughly flat on June 17 near a two-week high as traders awaited the Fed's June 18-19 meeting. Markets had reduced odds of a June cut to about 21% while keeping a July cut largely priced in.
Pre-meeting positioning on Fed policy drives dollar moves, which affect dollar-denominated commodity prices and export competitiveness for US feed ingredients.
cnbc.comReutersJun 17, 2019After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% over 20.
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.
