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After the December 2017 Fed meeting, the dollar fell because the dot plot showed three rate hikes for 2018 rather than four. Lower-than-expected October core CPI inflation of 1.7 percent also weighed on the dollar.
Expectations of fewer rate hikes weaken the dollar, which can modestly support dollar-denominated grain and meal prices.
investing.comDec 15, 2017After 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.
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.
