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ING expects US second-quarter GDP growth around 4%, roughly double the first-quarter pace, driven by a rebound in consumer spending. The bank says the Fed will keep hiking rates despite trade and yield curve concerns.
Strong US growth and continued Fed hikes support the dollar and US demand, which can weigh on dollar-priced commodities and feed imports.
think.ing.comJames KnightleyJul 24, 2018After 2,356 past bullish macro events, DXY 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.
