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A Nikkei Asia commentary argues the dollar is the key uncertainty for 2017 as the Fed raises rates while the ECB continues quantitative easing. It notes the world is eager to buy the euro and the question for 2017 is finding buyers for the dollar.
Expectations of a softer dollar in 2017 would support US commodity export competitiveness less than expected, but a dollar reversal would lift dollar-denominated commodity prices; this is opinion rather than a new event.
asia.nikkei.comPaul DonovanDec 27, 2016After 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.
