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A CBC preview says markets expect the Federal Reserve to hold rates steady at its upcoming meeting and possibly signal a more moderate pace of future hikes. Analysts see renewed recession fears as a factor shaping the outlook for the US dollar and the loonie.
Expectations of a patient Fed tend to soften the dollar, which supports dollar-priced commodities, while signs of recession risk can weigh on demand outlooks.
cbc.caDon PittisJan 29, 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.
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.
