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ING's G10 FX outlook for 2022 expects the Fed to lead tightening and the dollar to perform well during Fed lift-off. The analysis notes output gaps have closed or are closing in major economies.
A stronger dollar expected in 2022 would pressure dollar-priced feed commodities and raise import costs for buyers in other currencies.
think.ing.comChris Turner, Francesco PesoleNov 17, 2021After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% 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.
