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Mar 29, 2019MACROGlobal

SMU Currency Analysis: Dollar Weakens in Last Three Months

Steel Market Update reports the US dollar weakened against 11 of 16 steel-trading currencies over the last three months. The analysis links this to the Federal Reserve's March 20 decision to hold rates and project no hikes in 2019.

WHY IT MATTERS

A weaker dollar and lower rate outlook tend to support dollar-denominated commodity prices and US export competitiveness, a mild support for grain and feed prices.

AFFECTSUS Dollar (Broad)▼

SOURCE
steelmarketupdate.comPeter WrightMar 29, 2019

Price reaction & history

US Dollar (Broad)▼bearishSO FAR1d -0.1%5d -0.3%20d +0.4%

After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.

Feb 18, 2019SMU Currency Analysis: U.S. Dollar Weakens in the Last Three Months - Steel Market Update-0.8%
May 5, 2025Dollar weakens against major currencies as markets weigh tariff uncertainty+0.0%
Sep 12, 2022Latam currencies rally as dollar weakens ahead of U.S. inflation data+0.9%
Jan 31, 2018Silent correction in rupee, even as dollar weakens against major currencies | Money & Forex Markets - Business Standard+0.4%
Aug 30, 2023EMERGING MARKETS-Latin American currencies up on weaker dollar; Brazil's real lags on rate-cut speculation+1.3%

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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