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Reuters reported on May 14, 2020 that President Trump said he supported a strong dollar, as the dollar index extended gains a day after Fed Chair Powell rejected the idea of negative interest rates. The article text is truncated.
Fed rejection of negative rates supports the dollar, which is a headwind for dollar-denominated commodity prices.
reuters.comMay 14, 2020After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% 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.
