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The U.S. dollar slid to the bottom of the global currency ranking. Investors pointed to the Federal Reserve's stance of keeping bond purchases going even as inflation rises.
Quantitative easing seen as printing dollars and rising inflation eroding purchasing power weaken the dollar, which tends to lift dollar-denominated feed commodity prices for importers.
reuters.comSaqib Iqbal AhmedMay 25, 2021After 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.
