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ING forecasts broad-based dollar weakness of 5-10% against most currencies into 2021, citing US transition tensions and the Treasury's decision to end several Fed emergency support facilities. Short-term safe-haven demand could briefly support the dollar if risk appetite falls.
A sustained dollar decline would generally lift dollar-denominated grain and oilseed prices and could shift import costs for buyers in emerging markets.
exchangerates.org.ukColin LawrenceNov 20, 2020After 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.
