Loading…
The US Dollar Index fell to new lows near 100.00, its weakest level since the summer of 2023, and posted a fourth straight weekly decline. Investors are pricing in around 75 basis points of Fed easing by year-end following the September cut.
Sustained dollar weakness supports US commodity prices and export demand, while the expected Fed easing path reinforces that pressure.
fxstreet.comPablo PiovanoSep 30, 2024After 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.
