Loading…
The dollar strengthened 4.1% in the four weeks to May 18, with the Fed's broad index at its highest since July 2017. Analysts cited rising US rates, expectations for three more Fed hikes this year, and weakness in Japan's economy.
Sustained dollar strength tends to weigh on US commodity prices in global markets and can cut demand from importers facing higher dollar costs. Emerging-market currency stress can also reduce purchasing power for feed imports.
steelmarketupdate.comPeter WrightMay 24, 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.
