
The U.S. dollar slipped to a one-month low against a basket of currencies as investors bet the Federal Reserve would ease policy to counter the coronavirus outbreak. Futures implied a 50 basis point cut at the March 17-18 meeting, and U.S. manufacturing growth slowed in February.
Expectations of Fed easing weaken the dollar, which can lift dollar-denominated commodity prices, while weak factory activity signals softer 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.
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.
On 2 March the dollar slipped to a one-month low as futures priced a 50bp Fed cut and US manufacturing slowed, which directly explains the one-day drop.