
The U.S. dollar fell against its rivals on June 20, 2019, heading for its biggest two-day drop in a year after the Federal Reserve signaled it could cut rates as early as July. The ECB and RBA had also signaled more stimulus, and higher-yielding currencies such as the Australian dollar and Korean won rallied.
Some hedge funds that had built large long-dollar positions before the Fed decision were forced to sell.
A weaker dollar makes dollar-priced commodities cheaper for foreign buyers, which tends to support export demand and firm prices for feed grains and oilseeds. Expectations of lower U.S. rates also reduce the cost of carrying inventory.
После 1 637 прошлых событий (события «макро»: медвежий) Доллар США (широкий индекс) в среднем изменился на -0,2 % за 5 сессий (39% вверх; средняя половина от -0,6 % до +0,3 %) и на -0,2 % за 20.
Изменения бенчмарка каждого товара относительно последнего закрытия до события. Исторические данные объединяют прошлые события того же типа; они описывают случившееся, а не то, что произойдёт. Не является инвестиционной рекомендацией.
Dovish Fed signal on rate cuts drove the dollar's biggest two-day drop in a year on June 20, with forced hedge fund long-dollar unwinding amplifying the move.