Loading…
The U.S. dollar and bond yields rose after President Trump said a major tax plan would be released within weeks. Investors have been awaiting details of his fiscal stimulus pledge, and the dollar had given back some earlier post-election gains.
A stronger dollar on tax-plan expectations tends to pressure U.S. commodity prices and export competitiveness, while expectations of fiscal stimulus add some support to broader markets.
business-standard.comReutersFeb 9, 2017After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% 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.
