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The dollar has risen in 2019 as forecasts for a US recession grow louder, and a New York Fed indicator shows over 30% odds of a downturn within 12 months. Analysts warn that a strong dollar combined with falling rates could leave US growth dependent on consumers and fiscal policy.
A persistently strong dollar raises the cost of US exports and dollar-denominated debt abroad, which weighs on global commodity demand and prices. The recession risk points to softer demand for feed and livestock products.
gulf-times.comBloomberg /San FranciscoSep 1, 2019After 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.
