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The dollar index edged up after slipping nearly 1% to a fresh three-year low. The index has fallen about 12% since April when Trump said the dollar was getting too strong.
A weaker dollar over the long run supports dollar-priced commodity exports, though the small bounce shows limited near-term reversal.
reuters.comNoah BarkinJan 25, 2018After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.
