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The Federal Reserve and U.S. Treasury did not intervene in foreign exchange markets in the October-December 2020 quarter, the New York Fed reported to Congress. The broad trade-weighted dollar fell 4.9% in the quarter, its largest quarterly drop since Q2 2009.
A weaker dollar generally supports dollar-priced commodities and firmer export demand for U.S. grain and oilseeds, while emerging-market currency strength can cut importers' costs.
newyorkfed.orgFeb 11, 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.
Not enough comparable past events yet for a historical read.
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.
