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Analysts said the US dollar would likely face further pressure if the Federal Reserve adopts yield curve control, targeting Treasury yields to keep them low. The dollar had already fallen about 4.2% against major currencies since late May, and Fed Chair Powell said the central bank would consider such measures as the economy's direction becomes clearer.
A weaker dollar from possible yield curve control would tend to support dollar-denominated grain and oilseed prices and improve export competitiveness, though the policy remains only under consideration.
financialpost.comReutersJun 10, 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.
