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The Dollar Index fell to its lowest point since October 2016 as several major central banks, including the ECB, Fed, Bank of Canada and BoE, adopted more hawkish signals. Deutsche Bank strategists argue this apparent coordination was hinted at by Draghi's comments at the Sintra central banking forum.
They say the dollar is especially vulnerable to this shift.
A broad, coordinated shift toward tighter policy weakens the dollar and can lift dollar-priced commodities. A weaker dollar also makes US feed exports more competitive abroad.
poundsterlinglive.comNews, Data, ForecastsJun 29, 2017After 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.
