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A Bloomberg MLIV Pulse survey of 331 professional investors finds most expect the Fed to cut rates to 3% or below and are negative on the dollar, with many saying the priced rate path is too high. Investors cite yen or yuan appreciation as possible drivers of dollar decline.
A widely expected dollar decline would tend to support dollar-priced commodities and improve import demand from emerging markets, though the survey reflects sentiment rather than a confirmed policy change.
moneyweb.co.zaSimon Flint, BloombergApr 24, 2023After 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.
