Loading…
The article discusses how a Republican victory in the midterm elections could lead to a softer dollar. It suggests a pivot to lower Fed rates is still likely next year, though the Fed may hold rates higher for longer than expected.
Markets are expected to move away from the dollar once signs of a policy shift emerge.
Expectations of a Fed pivot and a weaker dollar would support dollar-priced commodity prices and ease import costs for dollar-based buyers.
reuters.comBen WinckNov 9, 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.
