
The U.S. dollar index fell more than 0.6% on June 20, 2019 to 96.58, its lowest in two weeks, after the Fed kept rates at 2.50% but dropped the word patient from its statement. Markets increased their bets on one or two rate cuts later in the year.
The losses followed a 0.4% drop the previous day.
The Fed's dovish language raised expectations of lower U.S. rates, which pressures the dollar and can support dollar-priced agricultural commodities. The price effect depends on how durable the rate-cut expectations prove.
Setelah 1.637 peristiwa makro bearish sebelumnya, Dolar AS (Luas) bergerak median -0,2% selama 5 sesi (39% lebih tinggi; separuh tengah -0,6% sampai +0,3%), dan -0,2% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.
Dollar index fell over 0.6% on June 20 after the Fed dropped 'patient' from its statement, directly matching the move.