Laden…
The dollar is near its highest levels since 2002 on a trade-weighted basis, with the DXY close to its 2016 peak. Drivers include an aggressive expected Fed tightening cycle, the war in Europe, risk of a Russian gas cut-off, and a record US goods trade deficit of $125bn for March.
USD/CNY is trading above 6.60.
A sustained dollar rally pressures US export competitiveness for grains and meals and raises import costs for feed buyers in euro and emerging-market currencies. The record trade deficit signals strong import demand that could shift trade flows.
think.ing.comChris Turner, Francesco Pesole, Frantisek Taborsky28 apr 2022Na 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 398 eerdere opwaarts macro-gebeurtenissen bewoog Chinese yuan (CNY per USD) zich mediaan +0,0% over 5 sessies (56% hoger; middelste helft -0,3% tot +0,5%), en +0,0% 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.
ING's April 28 note describes a broad dollar surge on aggressive Fed expectations and USD/CNY trading above 6.60, directly matching the day's yuan drop.
Broad dollar strength to near 20-year trade-weighted highs, driven by Fed tightening, the war in Europe and gas cut-off risk, explains the euro's decline against USD.
Notes the dollar near its highest since 2002 trade-weighted, driven by Fed tightening expectations, war and gas risks, with USD/CNY above 6.60.
