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ING analysts say the dollar could fall 0.50-0.75% if Trump picks Powell over John Taylor for Fed chair. They note the dollar's October rally was driven mainly by stronger US economic fundamentals.
A modest dollar decline would slightly support dollar-priced feed commodities. The estimated move is small.
think.ing.comNov 1, 2017After 1,637 past bearish macro events, DXY 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.
