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PIMCO's Joachim Fels outlined five factors he believes support the US dollar, including relatively strong US growth from fiscal stimulus and a Fed unlikely to be swayed by presidential pressure. He argues further dollar appreciation is more likely than depreciation in coming months.
A stronger dollar outlook would pressure dollar-priced commodity exports and feed import affordability for buyers outside the US, though this is an analyst view rather than a new market event.
octaafrica.netJul 27, 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.
