Loading…
BBH analysts say Trump used public comments to push the dollar lower for the first time in months. They note the trade-weighted dollar had fallen in early 2017 and that Trump acknowledged investor confidence had contributed to dollar strength.
They also say China is not manipulating its currency and that the comments reduce fears of Chinese Treasury sales.
A weaker dollar would tend to support U.S. export competitiveness and dollar-priced feed commodities, though the policy response remains uncertain.
octaafrica.netApr 13, 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.
