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Reuters reports that the dollar is expected to keep declining due to rising trade and fiscal deficits and growth powered by higher commodity prices. A fund manager and economists expect a 2% to 5% further decline, though rising real yields may limit the fall.
The dollar index is also seen possibly breaking below 90.
A weaker dollar is generally supportive of commodity prices and can improve the competitiveness of U.S. feed grain and meal exports. The impact is indirect and gradual.
theglobeandmail.comDivya ChowdhuryApr 28, 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.
