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An opinion piece argues the dollar has risen more than 10% against major currencies this year on Fed rate hikes. It suggests the dollar could reverse if the economy and inflation weaken and the Fed pauses.
A possible future dollar reversal would ease pressure on dollar-priced commodities, but the piece offers no new market event.
ft.comBarry EichengreenJul 26, 2022After 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.
