◂ Event Timeline

Apr 30, 2019MACROUS

Much of the Good News is Already Priced Into the U.S. Dollar, says Scotiabank

Scotiabank said the dollar may struggle to extend gains because strong first-quarter GDP was driven by inventories and soft consumer demand. The dollar slipped after the GDP release, suggesting the good news is already priced in.

WHY IT MATTERS

If the dollar peaks, dollar-denominated feed commodities may get modest support, though the analyst view is that the currency stays firm for now.

AFFECTSUS Dollar (Broad)◆

SOURCE
poundsterlinglive.comApr 30, 2019

Price reaction & history

US Dollar (Broad)◆neutralSO FAR1d -0.2%5d -0.1%20d +0.7%

After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% over 20.

Aug 29, 2025US Dollar Index surges near 98.00 ahead of PCE Price Index data-0.1%
Jan 17, 2018The US Dollar is Not Yet Ripe For a Reversal, Says Westpac-0.3%
Mar 23, 2023FX market is well-advised not to write off the US Dollar completely – Commerzbank — Octa-0.7%
Sep 25, 2017It's risky to go long on the dollar | The National+1.2%
Jul 26, 2022Is the dollar about to take a turn?-0.9%

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.

US Dollar (Broad) DXY · GP ▸

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