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Currency traders expected the Fed to raise rates for a fourth time in 2018 at its Wednesday meeting, with futures pricing about a 77% chance. Attention centered on guidance for 2019, as the dot plot pointed to three hikes while futures priced none in particular.
Expectations of fewer 2019 hikes weigh on the dollar, which supports dollar-denominated feed commodity prices and eases pressure on emerging-market feed importers.
marketwatch.comAnneken TappeDec 19, 2018After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% 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.
