# COT Dollar strength and trade fears trigger big changes across forex and commodities | Saxo

> The speculative dollar position against nine IMM currencies recorded its biggest bullish shift on record in the week to June 19, as traders bought $17.5 billion and held a gross long for the first time in a year. Hedge funds cut bullish commodity bets by 14%, mainly in metals and grains.

- Date: 2018-06-25 · published 2018-06-25T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/11644-cot-dollar-strength-and-trade-fears-trigger-big-changes-across-forex-and
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Dollar strength and fund liquidation of grain longs weigh on US commodity prices, as a stronger dollar makes exports less competitive.

## Read by commodity

- DXY: bullish ▲
- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-09-08 | [The Commodities Feed: USD strength and demand worries \| articles \| ING THINK](https://feedsoft.ai/events/14903-the-commodities-feed-usd-strength-and-demand-worries-articles-ing-think.md) | -0.3% | +1.6% |
| DXY | 2022-07-01 | [WCU: Peak recession fears bring commodities down to earth \| Saxo](https://feedsoft.ai/events/40401-wcu-peak-recession-fears-bring-commodities-down-to-earth-saxo.md) | +1.2% | +0.7% |
| DXY | 2018-10-03 | [US dollar strengthens after Fed comments - The Business Times](https://feedsoft.ai/events/62721-us-dollar-strengthens-after-fed-comments-the-business-times.md) | +0.6% | +2.3% |
| DXY | 2020-09-23 | [Dollar Strengthens; Helped by Housing Data and Fed Comments](https://feedsoft.ai/events/7700-dollar-strengthens-helped-by-housing-data-and-fed-comments.md) | +0.8% | -1.4% |
| DXY | 2025-09-26 | [Ringgit edges lower on upbeat US jobs and GDP data, with traders bracing for more dollar strength \| Malay Mail](https://feedsoft.ai/events/23159-ringgit-edges-lower-on-upbeat-us-jobs-and-gdp-data-with-traders-bracing-for.md) | -0.1% | +0.3% |
| CORN | 2022-09-27 | [Dollar rally, recession fears wreak havoc on commodities](https://feedsoft.ai/events/11908-dollar-rally-recession-fears-wreak-havoc-on-commodities.md) | +1.8% | +4.0% |
| CORN | 2020-02-08 | [DOLLAR INDEX HAS A STRONG WEEK AS EURO FALLS -- GLOBAL INVESTORS ARE FAVORING U.S. ASSETS -- STRONGER $ WEAKENS COMMODITIES -- AND FOREIGN STOCK ETFS](https://feedsoft.ai/events/54511-dollar-index-has-a-strong-week-as-euro-falls-global-investors-are-favoring-u-s.md) | -1.6% | -1.2% |
| CORN | 2021-02-27 | [Commodity returns plunge the most in months amid stronger dollar](https://feedsoft.ai/events/48541-commodity-returns-plunge-the-most-in-months-amid-stronger-dollar.md) | +0.6% | +5.4% |

## Sources

- home.saxo: https://www.home.saxo/content/articles/commodities/cot-dollar-strength-and-trade-fears-trigger-big-changes-across-forex-and-commodities-25062018

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.