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The dollar index rose nearly 10% since early March as the Commercial Paper market seized up and created strong demand for dollars. Analysts expect a mildly bullish dollar over the coming week, with a 1-month target of 100.
Persistent dollar strength makes US commodity exports more expensive for foreign buyers and tends to pressure dollar-denominated commodity prices.
think.ing.comChris Turner, Francesco PesoleMar 23, 2020Not enough comparable past events yet for a historical read.
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.
