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The dollar rebounded on Wednesday from a two-week low as investors scaled back bets on Fed easing. Euro implied volatility rose to 4.5-month highs, and commodity currencies such as the Aussie and kiwi fell about half a percent.
Risk aversion from the coronavirus outbreak persisted.
Currency swings tied to Fed expectations change the relative pricing of US and exporter-currency commodities. A firmer dollar with weaker Aussie and kiwi can weigh on competing exporters' prices.
cnbc.comReutersMar 1, 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.
Not enough comparable past events yet for a historical read.
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.
