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The dollar index was broadly steady near 96.39 in early Asian trade on March 20, after hitting its lowest level since March 1. Traders were waiting for the Federal Reserve's policy decision later that day, with expectations of a dovish tone.
A softer dollar ahead of the Fed supports dollar-priced commodities and can lift export demand for US feed grains, though the move is modest.
thehindubusinessline.comReutersMar 20, 2019After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.
