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Commerzbank forecasts that the US economy will slow sharply in 2020, with GDP growth of 1.7%, and that both sterling and the dollar will lose ground this year. It expects the US-China phase-one trade deal to calm tensions without resolving the underlying conflict.
A weaker dollar outlook supports dollar-priced commodities such as grains and oilseeds, while slower US growth and trade tensions cap demand expectations.
exchangerates.org.ukTim ClaytonFeb 12, 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.
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.
