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A Reuters poll conducted before the Fed cut interest rates by a half percentage point in an emergency move on Tuesday found analysts saw it as too early for a sustained US dollar sell-off. G7 finance officials had said they were ready to use all policy tools to safeguard growth.
Expectations that the dollar will hold up despite rate cuts suggest limited near-term dollar weakness, which matters for pricing of dollar-denominated feed commodities.
reuters.comHari KishanMar 3, 2020After 41 past policy events, US Dollar (Broad) moved a median -0.2% over 5 sessions (44% higher; middle half -0.6% to +0.4%), 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.
