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Schroders argues a global shortage of US dollars for banks has driven the dollar higher over five years, but Fed actions are easing that shortage. The asset manager suggests this could mark the start of a weaker phase for the currency.
A possible multi-year dollar weakening would tend to lift dollar-priced commodities over time, though the view is a longer-term opinion rather than a near-term price driver.
schroders.comTara FitzpatrickNov 19, 2019After 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.
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.
