Loading…
Westpac analysts expect the US dollar to struggle to make much headway over the next three months. They cite soft May CPI inflation of 0.1%, weak growth and inflation that do not justify a hawkish Fed, and political risks to the Republican agenda.
They expect the dollar to resume its uptrend by year-end only if those risks fade.
A flat-to-weaker dollar outlook is mildly supportive for dollar-priced feed commodities. The forecast is a conditional macro view with limited immediate supply or demand impact.
octaafrica.netJun 26, 2017After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% 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.
