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An opinion piece notes the dollar and gold have risen together, which is unusual, with the Broad Trade-Weighted Dollar Index near 130.69 after an all-time high in September. It attributes the breakdown in the historical inverse relationship to quantitative easing policies.
A strong broad dollar makes US commodity exports less competitive, which can weigh on export-linked feed grain demand. The analysis is conceptual and gives no immediate price signal.
marketwatch.comIvan MartchevOct 4, 2019After 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.
