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Bloomberg reports the dollar has risen strongly in 2019 while US recession forecasts grow, with the NY Fed indicator showing over 30% odds of a downturn within 12 months. Analysts warn a strong dollar with falling rates could hamper US growth.
Recession risk and a strong dollar lower global demand and pressure dollar-priced commodities, bearish for feed markets.
moneyweb.co.zaVivien Lou Chen, BloombergAug 28, 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.
