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Wells Fargo analysts report that the dollar has tended to strengthen before Fed rate hikes and soften afterward during this tightening cycle. Emerging currencies have outperformed G10 currencies after the two most recent hikes.
The analysts still expect the dollar to resume its strengthening trend over the medium term.
A medium-term dollar rebound would pressure dollar-priced commodities, but the timing and extent of the move remain uncertain.
octaafrica.netApr 12, 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.
