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An ANZ Bank analyst said the dollar could rise toward 105 on the dollar index in the short term, calling the recent dip profit-taking. The Fed had opened $450 billion in dollar liquidity facilities with nine central banks.
Analysts doubted this would fully contain dollar hoarding.
A stronger dollar would pressure dollar-priced commodities and raise import costs for buyers outside the US. The forecast depends on the COVID-19 outbreak peaking.
cnbc.comTanvir GillMar 24, 2020After 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.
