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The Bloomberg Dollar Spot Index fell about 3.5% in the week, its biggest weekly loss since March 2020, after its worst one-day drop since 2009 following U.S. inflation data. The yen was the main beneficiary, and the index remains about 6% below its late-September peak.
Some analysts still see the longer-term dollar trend as intact.
The dollar's retreat from its peak eases pressure on import costs for dollar-based buyers and supports dollar-priced commodities, although analysts expect a rebound is possible.
thenationalnews.comBloombergNov 12, 2022After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.
Reports the biggest weekly dollar loss since March 2020 following the CPI-driven rout.
