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Deutsche Bank says the dollar is falling because of higher US Treasury yields, since higher yields mean lower bond prices and weaker investor demand. It expects further dollar weakness and says recently agreed fiscal stimulus will push bond fair values lower through more issuance.
The DXY index was around 89.16 at the time.
A forecast of continued dollar weakness supports US-priced feed commodities in global markets. The fiscal-deficit driver also suggests persistent pressure on the dollar that could last beyond short-term rate moves.
wsj.comFeb 19, 2018After 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.
