◂ Event Timeline

Nov 26, 2020MACROUS

U.S. Dollar On Glide Path Lower as Fed Seen Eyeing Long-term Bond Yields

The dollar squeezed higher on Thanksgiving after minutes of the November Fed meeting suggested the central bank may shift asset purchases toward longer-term bonds. Analysts said the market was already short dollars, limiting downward momentum.

WHY IT MATTERS

Expectations of a softer dollar over time tend to support dollar-priced commodities, but near-term moves are small and driven by positioning.

AFFECTSUS Dollar (Broad)▼

SOURCE
poundsterlinglive.comJames SkinnerNov 26, 2020

Price reaction & history

US Dollar (Broad)▼bearishSO FAR1d +0.0%5d -1.2%20d -1.5%

After 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.

Oct 11, 2018Dollar slips on stock losses, lower bond yields-0.4%
Dec 7, 2022Gold jumps 1% as U.S. dollar, yields slip on Fed slowdown bets-1.0%
Nov 28, 2022Dollar weakens as U.S. bond yields drop-1.1%
Nov 6, 2017U.S. Dollar Slides Against Emerging Markets on Low Yields - WSJ-0.1%
Jun 21, 2019Dollar extends losses to 2-week low as US bond yields fall-0.1%

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.

US Dollar (Broad) DXY · GP ▸

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