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An analysis of how a strengthening US dollar affects emerging market currencies and commodities. The World Bank cut its 2022 emerging-economy growth forecast to 4.6% from 6.3%, and the IMF expects emerging-market inflation to average 9.5%.
A stronger dollar tends to depress global trade and raise the cost of dollar-denominated debt in importing countries, which can weaken demand for feed commodities.
cmegroup.comCME GroupOct 1, 2022After 4,478 past macro events, US Dollar (Broad) moved a median +0.0% over 5 sessions (51% higher; middle half -0.4% to +0.5%), 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.
