◂ Event Timeline

Dec 15, 2023MACROUS

Dollar rebounds as Fed's Williams talks down rate cuts

The dollar rebounded after Fed official John Williams pushed back against expectations for near-term rate cuts. Part of the week's dollar move was attributed to positioning concentrated in specific currency pairs.

WHY IT MATTERS

A firmer dollar makes USD-priced feed ingredients and grains more expensive for overseas buyers, which can weigh on export demand and prices.

AFFECTSUS Dollar (Broad)▲

SOURCE
reuters.comKaren BrettellDec 15, 2023

Price reaction & history

US Dollar (Broad)▲bullishSO FAR1d +0.1%5d -0.2%20d +0.8%

After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.

Jan 13, 2025Dollar stays strong as doubts about Fed rate cuts grow-0.3%
Jun 7, 2024Dollar Rallies and Gold Sinks as Fed Rate Cut Hopes Recede+1.4%
May 1, 2019Dollar rises as Fed's Powell cools bets on rate-cut+0.2%
Mar 20, 2025Dollar rises as Fed sees no rush to cut rates+0.3%
Nov 17, 2022Commodities slump as dollar rebounds+0.4%

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.

US Dollar (Broad) DXY · GP ▸

——— · ·

Loading…