Laden…
A global rush for US dollars is driving extreme moves in currency and other markets, with companies and institutions drawing down credit lines and hoarding dollars. The Fed has expanded its swap lines to foreign central banks, but these measures have not reduced the volatility in the dollar.
Strategists say G-7 finance ministers may need to intervene.
The dollar funding squeeze raises the dollar's value against trading partners' currencies, which tends to weigh on US-priced grain and oilseed markets and increases import costs for buyers in emerging markets.
cnbc.comPatti Domm19 mrt 2020Na 2.356 eerdere opwaarts macro-gebeurtenissen bewoog Amerikaanse dollar (breed) zich mediaan +0,2% over 5 sessies (60% hoger; middelste helft -0,3% tot +0,7%), en +0,4% over 20.
Na 533 eerdere neerwaarts macro-gebeurtenissen bewoog Euro (USD per EUR) zich mediaan -0,3% over 5 sessies (33% hoger; middelste helft -1,2% tot +0,2%), en -0,5% over 20.
Na 301 eerdere opwaarts macro-gebeurtenissen bewoog Braziliaanse real (BRL per USD) zich mediaan +0,4% over 5 sessies (57% hoger; middelste helft -1,2% tot +1,7%), en +1,0% over 20.
Bewegingen van de benchmark van elke grondstof sinds de laatste slotkoers vóór de gebeurtenis. Historische waarden bundelen eerdere gebeurtenissen van hetzelfde soort; ze beschrijven wat er gebeurde, niet wat zal gebeuren. Geen beleggingsadvies.
The global scramble for US dollars and dollar hoarding pushed emerging-market currencies like the real sharply weaker, in line with the large BRL/USD move.
The global dollar rush, with companies drawing credit lines and hoarding dollars, describes the mechanism behind the euro's decline, although the report is dated 19 March, just after the window ends.
The global scramble for dollars and credit line drawdowns, in progress around March 18-19, put broad pressure on emerging market currencies including the real.
