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The dollar posted its biggest weekly decline since 2009 as trillions of dollars in government stimulus and coordinated central bank actions eased a global market rout. The U.S. House approved a $2.2 trillion aid package that day.
The dollar index dipped 0.87% to 98.41 on Friday.
A weaker dollar index tends to support dollar-denominated commodity prices and eases import costs for feed buyers. The size of the stimulus suggests the dollar could stay under pressure.
reuters.comKaren BrettellMar 27, 2020After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.
Dollar posted its biggest weekly fall since 2009 as stimulus and central bank actions eased the dollar squeeze, directly matching the decline in the window.
