
Invesco expects the US dollar to keep weakening as the administration shifts the economy from services toward manufacturing and investment. The firm cites federal budget cuts, layoffs and shifting tariffs hurting business and consumer confidence.
The dollar has weakened across all major currencies in the second month of 2025.
A weaker dollar supports US dollar-priced feed commodities and improves export competitiveness, while raising the cost of imported inputs for buyers in dollar-linked markets.
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.
After 388 past bullish macro events, Euro (USD per EUR) moved a median +0.3% over 5 sessions (62% higher; middle half -0.4% to +1.1%), 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.