
The dollar weakened on 2 March 2020 as markets priced in Federal Reserve rate cuts after Chairman Powell said the central bank would act as appropriate. Futures implied a 50 basis point cut, and the yuan rose to a near three-week high of 6.9703 per dollar.
Expected Fed easing weakens the dollar, which tends to support dollar-denominated commodity prices, while a firmer yuan can support Chinese feed import demand.
Setelah 1.637 peristiwa makro bearish sebelumnya, Dolar AS (Luas) bergerak median -0,2% selama 5 sesi (39% lebih tinggi; separuh tengah -0,6% sampai +0,3%), dan -0,2% selama 20 sesi.
Setelah 362 peristiwa makro bearish sebelumnya, Yuan Tiongkok (CNY per USD) bergerak median -0,1% selama 5 sesi (42% lebih tinggi; separuh tengah -0,4% sampai +0,1%), dan -0,2% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.
Dollar weakened on 2 March after Powell said the Fed would act as appropriate, with markets pricing a 50bp cut, a currency/rate-expectations mechanism.