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ING's preview of the September FOMC meeting says the dollar may see a 'buy the rumour, sell the fact' reaction to the expected 25 basis point hike to 2.25%. Analysts will watch whether the Fed drops 'accommodative' from its statement and what the new 2021 dot signals about the end of tightening.
The Fed's signals on how far rates will rise shape the dollar's direction, which affects the relative cost of US feed commodities for overseas buyers. A dovish surprise could ease dollar strength.
think.ing.comSep 26, 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.
