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On June 19, 2019, the U.S. dollar weakened broadly against developed and emerging-market currencies after Federal Reserve officials signaled they could cut rates in coming months. The WSJ Dollar Index fell 0.4%.
A broad dollar decline on rate-cut expectations tends to make dollar-priced feed ingredients more affordable abroad, supporting export demand. The move is a routine reaction to Fed signals rather than a supply change.
wsj.comDaniel KrugerJun 19, 2019After 1,637 past bearish macro events, DXY 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.
The dollar's initial weakening on June 19 after Fed comments set up the follow-through decline, but it precedes the June 20 move.
