# Don’t fight the Fed… or the ECB or RBA - Total Wealth Management

> Economists at AMP Capital expect the ECB and Fed to move toward monetary easing, probably from July, with two Fed rate cuts expected this year. They also expect the RBA to ease more than the Fed and forecast the Australian dollar falling to around US$0.65 by year end.

- Date: 2019-06-24 · published 2019-06-24T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/58848-don-t-fight-the-fed-or-the-ecb-or-rba-total-wealth-management
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Expected global monetary easing tends to weaken the US dollar, supporting commodity prices in USD terms. A forecast weaker AUD would make Australian exports more competitive, a factor for global grain and feed supply.

## Read by commodity

- DXY: bearish ▼
- AUDUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-09-30 | [US Dollar Forecast: Fed’s easing weighs on the Dollar](https://feedsoft.ai/events/28507-us-dollar-forecast-fed-s-easing-weighs-on-the-dollar.md) | +0.9% | +3.1% |
| DXY | 2020-09-11 | [Lower-for-longer rates from the Fed point to a weaker-for-longer dollar](https://feedsoft.ai/events/51287-lower-for-longer-rates-from-the-fed-point-to-a-weaker-for-longer-dollar.md) | -0.4% | +0.2% |
| DXY | 2026-05-29 | [Euro-Dollar: Why Markets Think The ECB Will Hike Before The Fed](https://feedsoft.ai/events/19473-euro-dollar-why-markets-think-the-ecb-will-hike-before-the-fed.md) | +0.3% | +1.6% |
| DXY | 2019-06-19 | [Dollar Drops on Fed Comments -- Market Talk - WSJ](https://feedsoft.ai/events/7437-dollar-drops-on-fed-comments-market-talk-wsj.md) | -1.1% | -0.9% |
| DXY | 2018-04-17 | [Money managers wager the dollar will fall \| The National](https://feedsoft.ai/events/65693-money-managers-wager-the-dollar-will-fall-the-national.md) | +1.8% | +3.1% |

## Sources

- totalwealth.com.au: https://totalwealth.com.au/dont-fight-the-fed-or-the-ecb-or-rba/

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