Laden…
Westpac analyst Richard Franulovich argues the US dollar is not exceptionally undervalued versus yield spreads or past Fed hiking cycles. The dollar index is roughly 10% undervalued against 2- and 5-year yields, far less than in 2005.
The article says the dollar has not rallied as much as expected during the recent hiking cycle.
The view that the dollar will not sharply reverse suggests limited near-term support for dollar-priced commodities. Feed buyers should expect currency-driven price moves to stay modest in the near term.
poundsterlinglive.comNews, Data, Forecasts17 jan 2018Na 359 eerdere neutraal macro-gebeurtenissen bewoog Amerikaanse dollar (breed) zich mediaan -0,0% over 5 sessies (49% hoger; middelste helft -0,4% tot +0,4%), en -0,1% 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.
