
The dollar was on track to end a four-month rally after Fed Chairman Jerome Powell signaled on June 19, 2019 that the central bank could cut rates as soon as the next month. It would be the first cut since 2008.
The shift marked a reversal in the Fed's policy stance.
A reversal in the dollar rally eases pressure on dollar-denominated commodity prices and can improve the export competitiveness of U.S. feed grains. Lower borrowing costs also support broader commodity demand.
Após 1.637 eventos baixista de macro passados, Dólar americano (amplo) subiu em mediana -0,2% em 5 sessões (39% de alta; metade central de -0,6% a +0,3%), e -0,2% em 20.
Variações do benchmark de cada commodity desde o último fechamento antes do evento. As leituras históricas agregam eventos passados do mesmo tipo; descrevem o que aconteceu, não o que vai acontecer. Não é recomendação de investimento.
Powell's June 19 signal of a possible cut as soon as next month reversed Fed policy stance and ended the dollar's four-month rally.