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An HSBC FX strategist said the US dollar could surge in 2020 because it is both a safe haven and the highest-yielding G-10 currency. HSBC's base case is for a resilient dollar, with upside risk if growth falters and policymakers respond.
A stronger dollar tends to pressure US commodity prices and make US exports less competitive, which would weigh on feed grain and oilseed prices. This is a forecast opinion rather than a new event.
cnbc.comChloe TaylorJan 9, 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.
