Loading…
Nordea economists expect a sideways, bumpy path for the US dollar in the coming months as major central banks move toward synchronised rate cuts. They expect risk-sensitive currencies to outperform once the Fed starts easing.
A range-bound dollar offers little clear direction for dollar-denominated feed and grain prices. Currency-sensitive importers may face less pressure from exchange rates in the near term.
octabroker.comMar 26, 2024After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), 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.
