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Capital Economics argues the US dollar is currently being driven more by interest rate expectations than by trade fears. The article is a short analyst note with little detail beyond that view.
A firmer dollar on rate expectations lowers the local-currency cost of dollar-priced grains and meal for importers, which weighs on US export prices.
capitaleconomics.comCapital Economics EconomistJun 22, 2018After 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.
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.
