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The U.S. dollar was up almost 2% against a basket of currencies since its early-January low. Investors said the gains signaled that the coordinated global recovery was not progressing as well as hoped.
A sustained dollar rally tightens financial conditions for emerging-market feed importers and tends to lower dollar-denominated commodity prices. The signal of uneven recovery also adds downside risk to demand expectations.
wsj.comPaul J. DaviesMar 4, 2021After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
