Loading…
Analysts quoted in the article have turned against the US dollar as its multi-year rally faded and doubts grew over Trump's fiscal reform promises. Morgan Stanley's Hans Redeker argued that USD weakness had gone too far and sentiment was at extremes.
The piece cites a possible dollar rebound of about 2%.
Divided views on the dollar's direction leave the outlook for dollar-priced commodities and import costs uncertain, with a rebound risk if positioning reverses.
poundsterlinglive.comGary HowesJun 13, 2017After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% 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.
