Loading…
Borrowing US dollars has become more expensive as cross-currency basis swaps approach their highest levels this year. Demand is rising ahead of expected Treasury bill issuance and bets on European and UK easing.
A tight dollar funding market strengthens the dollar and can weigh on dollar-denominated commodity prices and emerging-market import demand.
aljazeera.comStephen Spratt, BloombergAug 1, 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.
