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The Bloomberg Dollar Spot Index fell to its lowest since August after the Fed held rates steady and signaled the end of its tightening cycle. Group-of-10 currencies and Asian currencies, including the won and baht, all gained on the dollar.
A weaker dollar and expectations of lower rates tend to support dollar-priced commodities and make imports cheaper for emerging-market feed buyers.
moneyweb.co.zaAnya Andrianova, Matthew BurgessDec 14, 2023After 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 Bloomberg Dollar Spot Index hit its lowest since August as broad G10 and Asian currencies gained after the Fed signaled the end of tightening.
