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Reuters reports that speculation is growing the US could intervene to weaken the dollar after it rose about 7% in 15 days. The Trump administration has so far held back from ordering Treasury intervention.
Analysts say action becomes more likely if the dollar keeps rising.
A possible US intervention to weaken the dollar would support dollar-priced commodities. The market impact depends on whether the administration acts, which remains uncertain.
investing.comMar 24, 2020
reuters.comSaqib Iqbal AhmedMar 24, 2020After 15 past bearish policy events, US Dollar (Broad) moved a median -0.5% over 5 sessions (27% higher; middle half -0.7% to +0.0%), and -0.0% 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.
