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ING says the current dollar rally is a bear market correction after Fed minutes showed no material change in dovish tone and no near-term tapering signals. The Fed appeared comfortable with some inflation risk ahead of a spring price jump.
If the Fed stays dovish and tolerates inflation, the dollar is likely to remain under pressure, supporting dollar-priced commodities and bond-sensitive hedging costs.
octaafrica.netFeb 18, 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.
