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A Forbes commentary argues that Draghi's prepared speech could mark the top of the dollar's bull run. It says the narrowing of the wide US-global interest rate spread removes the main reason capital flowed into dollar assets.
The author expects that trend to reverse.
If the dollar's rally has peaked, a weaker dollar would support dollar-denominated feed commodity prices. This is an opinion view rather than a confirmed market event.
forbes.comBryan RichJun 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.
