# Dollar set for weekly drop as central banks turn hawkish with rising oil prices | Reuters

> The dollar gained on Friday but was headed for a weekly decline against major currencies. Investors pared back bets on Federal Reserve rate cuts due to likely higher inflation from rising oil prices.

- Date: 2026-03-20 · published 2026-03-20T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/20350-dollar-set-for-weekly-drop-as-central-banks-turn-hawkish-with-rising-oil-prices
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Reduced rate-cut expectations support the dollar, while higher energy prices feed inflation concerns that weigh on commodity sentiment.

## Read by commodity

- DXY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-11-21 | [Dollar slips against yen but heads for broad weekly rise \| Reuters](https://feedsoft.ai/events/22143-dollar-slips-against-yen-but-heads-for-broad-weekly-rise-reuters.md) | -0.5% | -1.3% |
| DXY | 2021-02-23 | [Dollar bounces off six-week low as traders prepare for Powell - Markets - Business Recorder](https://feedsoft.ai/events/10598-dollar-bounces-off-six-week-low-as-traders-prepare-for-powell-markets-business.md) | +0.5% | +1.0% |
| DXY | 2026-08-31 | [The Dollar Index falls through a war and a hawkish repricing](https://feedsoft.ai/events/18080-the-dollar-index-falls-through-a-war-and-a-hawkish-repricing.md) | -0.6% | +1.6% |
| DXY | 2018-12-19 | [With a rate hike priced in, dollar traders wait for Fed’s 2019 guidance - MarketWatch](https://feedsoft.ai/events/61746-with-a-rate-hike-priced-in-dollar-traders-wait-for-fed-s-2019-guidance.md) | -0.3% | -1.6% |
| DXY | 2024-09-06 | [Oil settles down 2%, big weekly drop after US jobs data](https://feedsoft.ai/events/12384-oil-settles-down-2-big-weekly-drop-after-us-jobs-data.md) | -0.0% | -0.3% |

## Sources

- reuters.com: https://www.reuters.com/world/asia-pacific/dollar-toppled-oil-shock-turns-central-banks-hawkish-2026-03-20/

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