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Société Générale strategists say the pound-to-dollar rate could be among the biggest losers if the current dollar rally gathers pace. US 10-year yields have risen from about 2.4% to nearly 3%, widening the yield gap with other currencies.
A sustained dollar rally would strengthen the dollar against major currencies and could pressure dollar-priced feed commodity values.
poundsterlinglive.comJames SkinnerApr 24, 2018Not enough comparable past events yet for a historical read.
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.
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.
