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An FT commentary on March 24 argues the dollar has strengthened in 2021 despite forecasts for a sharp fall, as the U.S. outperforms after the $1.9 trillion rescue plan and faster vaccinations. It warns that a stronger dollar would boost U.S. imports while hurting emerging markets.
A stronger dollar raises the cost of dollar-priced feed ingredients and grains in emerging markets, which can curb import demand and pressure prices.
ft.comMegan GreeneMar 24, 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.
