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A Forbes commentary argues the US will want a weaker dollar, since a strong dollar makes financing the growing federal deficit harder, and that a weaker dollar could support commodities. The excerpt is partial.
If policymakers push for a weaker dollar, dollar-priced commodities could gain relative to foreign buyers, but this is opinion rather than a confirmed policy move.
forbes.comMark Le DainJun 29, 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.
