U.S. dollar hasn’t been this high in 14 years and it’s clobbering just about everybody else

After 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.

• May 31, 2021Dollar near 2-month high vs yen, U.S. inflation beats expectations | Financial Post-0.2%
• Mar 31, 2020Yen declines on year-end U.S. dollar demand | Financial Post+0.7%
• Apr 19, 2023Dollar firms as U.S. yields rise, high British inflation underpins pound | Financial Post+0.4%
• Sep 17, 2020Dollar edges higher as Fed outlook lifts U.S. yields | Financial Post+1.6%
• Sep 9, 2020Dollar and yen rise as tech selloff sends investors to safety | Financial Post-0.7%

After 398 past bullish macro events, Chinese Yuan (CNY per USD) moved a median +0.0% over 5 sessions (56% higher; middle half -0.3% to +0.5%), and +0.0% over 20.

• Dec 28, 2022China's yuan weakens as U.S. dollar gains on sustained inflation outlook | Financial Post-1.0%
• Apr 1, 2021China's yuan dips as Biden infrastructure plan lifts dollar | Financial Post-0.2%
• Apr 21, 2022China's yuan slides to 6-month low as tightening prospects help dollar | Financial Post+2.2%
• May 16, 2022Dollar slips from 2-decade highs; yuan falls on weak China data | Financial Post-1.4%
• Sep 17, 2020Yuan falls on dollar strength after Fed's upbeat economic outlook | Financial Post+0.8%

After 301 past bearish macro events, Corn moved a median -0.1% over 5 sessions (47% higher; middle half -2.2% to +1.3%), and +0.2% over 20.

• May 13, 2021Soybeans retreat from 8-1/2-year high as dollar holds gains | Financial Post-7.7%
• Sep 3, 2019US dollar just hit 2-year high, closes in on another major milestone-6.0%
• Apr 21, 2022China's yuan slides to 6-month low as tightening prospects help dollar | Financial Post-1.5%
• May 13, 2020Dollar up as Powell downplays chances of negative U.S. interest rates | Financial Post-0.3%
• Jun 30, 2021U.S. dollar posts best month since November 2016; nonfarm payrolls loom | Financial Post-0.4%

After 273 past bearish macro events, Soybeans moved a median -0.4% over 5 sessions (44% higher; middle half -2.4% to +1.4%), and -0.5% over 20.

• May 13, 2021Soybeans retreat from 8-1/2-year high as dollar holds gains | Financial Post-7.4%
• Sep 3, 2019US dollar just hit 2-year high, closes in on another major milestone-1.4%
• Apr 21, 2022China's yuan slides to 6-month low as tightening prospects help dollar | Financial Post-1.2%
• May 13, 2020Dollar up as Powell downplays chances of negative U.S. interest rates | Financial Post-0.8%
• Jun 30, 2021U.S. dollar posts best month since November 2016; nonfarm payrolls loom | Financial Post+2.0%