
The dollar's post-FOMC selloff accelerated, with the DXY briefly falling below 100.0 to its lowest since June 17. Core PCE rose only 0.1% in June, Q2 growth undershot expectations, and Japanese yen intervention pushed USD/JPY down more than 3%.
Analysts said stretched dollar long positioning could unwind further.
Further dollar weakness would make USD-priced feed commodities more affordable for global buyers, supporting prices, though the analyst is cautious about calling a bottom.
Na 1.637 eerdere neerwaarts macro-gebeurtenissen bewoog Amerikaanse dollar (breed) zich mediaan -0,2% over 5 sessies (39% hoger; middelste helft -0,6% tot +0,3%), en -0,2% over 20.
Na 388 eerdere opwaarts macro-gebeurtenissen bewoog Euro (USD per EUR) zich mediaan +0,3% over 5 sessies (62% hoger; middelste helft -0,4% tot +1,1%), en +0,1% over 20.
Bewegingen van de benchmark van elke grondstof sinds de laatste slotkoers vóór de gebeurtenis. Historische waarden bundelen eerdere gebeurtenissen van hetzelfde soort; ze beschrijven wat er gebeurde, niet wat zal gebeuren. Geen beleggingsadvies.
Post-FOMC selloff extended as soft core PCE, weak growth, yen intervention and unwinding of stretched long positioning pushed the DXY below 100, matching the size of the move.
Post-FOMC dollar selloff with weak core PCE and Q2 growth and positioning unwinds weakened USD, contributing to EUR/USD gains.