◂ Event Timeline

Feb 11, 2019MACROGlobal

Why the dollar is back on the rise despite the Fed’s dovish turn

The US dollar index recorded its biggest percentage gain in six months as haven demand rose amid worries over global growth. The dollar rallied despite the Federal Reserve's dovish turn toward a rate pause.

WHY IT MATTERS

A stronger dollar on haven demand weighs on dollar-priced commodities and can cut export demand for US feed ingredients. Safe-haven flows are a mechanism that lifts the dollar independent of US growth.

AFFECTSUS Dollar (Broad)▲

SOURCE
marketwatch.comAnneken TappeFeb 11, 2019

Price reaction & history

US Dollar (Broad)▲bullishSO FAR1d +0.5%5d +0.4%20d +0.4%

After 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.

Oct 4, 2019Opinion: What’s driving the rare simultaneous rise in gold and the dollar - MarketWatch-0.3%
Mar 19, 2020Why the U.S. dollar’s relentless rally is causing pain for emerging markets - MarketWatch+0.5%
Aug 29, 2022Why is the U.S. dollar so strong right now? - Marketplace+0.6%
Mar 8, 2023The U.S. dollar bounces to 2023 high as Fed’s Powell signals higher rates - MarketWatch-0.4%
Nov 28, 2018Gold markets: The Fed, dollar in focus-0.8%

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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