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The FOMC statement on July 26 left rates unchanged and signaled the balance sheet reduction would begin relatively soon, consistent with a September announcement. The dollar sold off after the statement.
Expectations of balance sheet runoff and slower hikes weaken the dollar, which tends to support dollar-priced feed commodities.
snbchf.comMarc ChandlerJul 29, 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.
