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ING analysts say the US dollar should stay supported because regional surveys remain resilient and the US-China trade war has not yet hurt growth. They argue a Fed rate cut priced by markets for 2019 is unjustified.
If the Fed holds rates, the dollar stays firm, which pressures dollar-priced commodities. The view depends on the Fed not easing despite trade tensions.
poundsterlinglive.comNews, Data, ForecastsMay 24, 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.
