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The Federal Reserve's real broad trade-weighted dollar fell 1.41% in January, its largest monthly decline since March 2016. The measure had risen for four months before that, and the Fed has been more concerned about the pace of change than the level.
The analysis expects the dollar to rise toward its earlier highs over time.
Dollar moves of this size shift the relative competitiveness of US grain and meal exports, so the trend is a background factor for commodity prices.
marctomarket.comMar 1, 2017After 359 past neutral macro events, DXY 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.
