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The dollar slipped against a basket of currencies after the Federal Reserve raised interest rates by 75 basis points to fight inflation. The Fed also projected a slowing economy and rising unemployment in coming months.
The dollar's reaction to a large, expected hike points to a shift toward slower growth, which could reduce demand for feed commodities. Weaker dollar momentum would modestly support dollar-priced commodity prices.
reuters.comSaqib Iqbal AhmedJun 15, 2022After 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.
