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ING's weekly G10 FX outlook highlights a bond market sell-off with the 10-year US Treasury yield near 2.90%, spilling into risk assets. It expects commodity currencies to underperform low-yielders and flags vulnerability in higher-yielding emerging currencies.
Rising US yields and a stronger dollar pressure dollar-priced commodities and emerging-market import costs, which can weigh on feed demand from those markets.
think.ing.comChris Turner, Viraj PatelFeb 5, 2018After 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.
