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Wells Fargo's Brendan McKenna says the US economy may slow below 2% in 2020, leading markets to price in more Fed easing. He expects the dollar could fall about 5% broadly against G10 and emerging currencies.
A weaker dollar would lift dollar-denominated US feed commodity prices and improve export competitiveness for US grains and meal. This is a strategist forecast, not a new event.
cnbc.comJan 3, 2020After 1,637 past bearish macro events, DXY 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.
