
Credit Suisse analyst Ray Farris says the dollar index, down more than 2% for 2018, can weaken further even with the Fed widely expected to hike rates at its March 21 meeting. He notes that early stages of Fed hike cycles have historically seen the dollar fall for a period.
He argues the dollar has room to weaken until U.S. yields rise substantially.
A weaker dollar typically supports dollar-denominated commodity prices and makes US exports more competitive, which is mildly supportive for grain and oilseed values. The effect on feed costs is indirect and depends on how the currency move evolves.
過去の弱気なマクロイベント1,637件の後、米ドル指数(広範) は5営業日で中央値 -0.2% 動き(39% が上昇。中央50%は -0.6% から +0.3%)、20営業日では -0.2% 動きました。
イベント直前の終値からの各商品ベンチマークの動き。過去の傾向は同種の過去イベントをまとめたものであり、起きたことを示すもので、今後を示すものではありません。投資助言ではありません。