# Clouds in the Fed’s crystal ball means dollar strength wi... - CRU Group

> CRU Group argued on June 28 that the Fed has moved to a wait-and-see stance focused on downside risks such as slowing global growth and weaker trade. It expects dollar strength to persist until the July 30-31 FOMC meeting and the outcome of the US-China G20 talks.

- Date: 2019-06-28 · published 2019-06-28T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/58789-clouds-in-the-fed-s-crystal-ball-means-dollar-strength-wi-cru-group
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firmer dollar view reduces the price support that a weaker currency would otherwise give dollar-denominated commodities and makes US feed exports less competitive abroad.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-10-03 | [US dollar strengthens after Fed comments - The Business Times](https://feedsoft.ai/events/62721-us-dollar-strengthens-after-fed-comments-the-business-times.md) | +0.6% | +2.3% |
| DXY | 2021-02-28 | [Metals smashed as dollar strengthens](https://feedsoft.ai/events/48548-metals-smashed-as-dollar-strengthens.md) | +0.8% | +0.8% |
| DXY | 2020-03-20 | [Dollar strengthens, set for best week since the financial crisis](https://feedsoft.ai/events/6277-dollar-strengthens-set-for-best-week-since-the-financial-crisis.md) | -2.1% | -1.3% |
| DXY | 2021-03-24 | [What a stronger dollar means for the world](https://feedsoft.ai/events/48323-what-a-stronger-dollar-means-for-the-world.md) | +0.8% | -0.9% |
| DXY | 2024-12-19 | [Dollar strengthens as market digests Fed's hawkish cut](https://feedsoft.ai/events/27136-dollar-strengthens-as-market-digests-fed-s-hawkish-cut.md) | +0.5% | +1.4% |

## Sources

- crugroup.com: https://www.crugroup.com/en/communities/thought-leadership/blogs/2019/clouds-in-the-fed-s-crystal-ball-means-dollar-strength-will-persist/

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