What Fed's Policy Decision Can Mean for the U.S. Dollar

Hill Streible from Rjo Futures discusses the current state of the dollar, which remains quiet before an FOMC decision. He anticipates the Fed will maintain a patient stance, with interest rates coming down and the dollar weakening. The discussion also covers the potential impact of a US-China agreement on growth and Fed policy. In the commodities market, gold is expected to rise above $1300, while oil prices are influenced by inventory levels, geopolitical factors, and potential US-Mexico-Canada trade agreements. The target for oil is around $65 by year-end, with various factors affecting its price.

What is the expected impact on the dollar if the Federal Reserve maintains a patient approach?

• The dollar will fluctuate unpredictably.

• The dollar will remain stable.

• The dollar is expected to weaken.

• The dollar is expected to strengthen.

What factor could make the Federal Reserve adopt a more hawkish tone?

• A decline in the housing market.

• A decrease in interest rates.

• An agreement with China.

• A rise in unemployment.

What is the current state of gold according to the discussion?

• Gold is expected to decrease in value.

• Gold is stable with no expected changes.

• Gold has an opportunity to increase in value.

• Gold is at its lowest in years.

What surprising data was mentioned about oil?

• A new oil discovery in the US.

• A massive drawdown in oil inventories.

• A significant increase in oil prices.

• A decrease in global oil demand.

What is the anticipated year-end target for oil prices?

• $55

• $50

• $65

• $60