# The U.S. Dollar and Commodity Prices | news.cqg.com

> An essay by Andy Hecht argues that de-dollarization, driven by the Xi-Putin 2022 partnership and recent geopolitical events, could threaten the dollar's reserve role. It notes that the dollar index is weighted 57.6% to the euro and is driven mainly by interest rate differentials. The piece says a shift in the currency system could push dollar-based commodity prices sharply higher.

- Date: 2024-08-29 · published 2024-08-29T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/28700-the-u-s-dollar-and-commodity-prices-news-cqg-com
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Long-run questions about the dollar's reserve status affect how commodity prices are denominated, but the near-term effect on feed prices is speculative.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-07-27 | [The U.S. dollar drop could send gold prices soaring](https://feedsoft.ai/events/69899-the-u-s-dollar-drop-could-send-gold-prices-soaring.md) | -0.6% | -0.5% |
| DXY | 2020-08-28 | [The Fed and gold: Powell's policy shift affects gold commodity prices](https://feedsoft.ai/events/51523-the-fed-and-gold-powell-s-policy-shift-affects-gold-commodity-prices.md) | -0.5% | +1.0% |
| DXY | 2025-04-17 | [Trade Wars and the U.S. Dollar \| PIMCO](https://feedsoft.ai/events/25333-trade-wars-and-the-u-s-dollar-pimco.md) | -0.2% | -0.5% |
| DXY | 2020-05-18 | [Dollar struggles as rising oil prices lift commodity currencies](https://feedsoft.ai/events/53034-dollar-struggles-as-rising-oil-prices-lift-commodity-currencies.md) | -1.0% | -2.9% |
| DXY | 2019-11-04 | [Three Forces Weakening US Dollar’s Grip On Commodity Pricing \| Wood Mackenzie](https://feedsoft.ai/events/55960-three-forces-weakening-us-dollar-s-grip-on-commodity-pricing-wood-mackenzie.md) | +0.5% | +1.0% |

## Sources

- news.cqg.com: https://news.cqg.com/blogs/commentary/2024/08/us-dollar-and-commodity-prices

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