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The dollar fell sharply after the Federal Reserve held rates at 2.25-2.50% and said it was unsure it would need to raise rates this year. GBP/USD traded around 1.33 to 1.35.
The Fed's pause removes a key support for the dollar, which can lift dollar-priced grain and oilseed prices and benefit high-yielding commodity currencies.
poundsterlinglive.comJames SkinnerJan 30, 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.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
After 151 past bullish macro events, Corn moved a median +0.2% over 5 sessions (57% higher; middle half -0.9% to +1.4%), and -0.3% 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.
