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The trade-weighted dollar has fallen about 12% from its spring 2020 high. Five-year TIPS real yields touched a record low near -3% as expected inflation rose.
Falling real yields and a weaker dollar tend to support dollar-priced commodities and make U.S. exports more competitive.
After 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.