# The US Needs A Weak Currency, Which Will Be A Tailwind For Commodities

> A Forbes commentary argues the US will want a weaker dollar, since a strong dollar makes financing the growing federal deficit harder, and that a weaker dollar could support commodities. The excerpt is partial.

- Date: 2024-06-29 · published 2024-06-29T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/29637-the-us-needs-a-weak-currency-which-will-be-a-tailwind-for-commodities
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

If policymakers push for a weaker dollar, dollar-priced commodities could gain relative to foreign buyers, but this is opinion rather than a confirmed policy move.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-09-19 | [Rate cut a plus for some commodities, but demand and supply forces will still be key - The Business Times](https://feedsoft.ai/events/28217-rate-cut-a-plus-for-some-commodities-but-demand-and-supply-forces-will-still-be.md) | -0.1% | +2.1% |
| DXY | 2017-12-28 | [Dollar near 3-1/2 week lows; commodity, currencies stand tall - The HinduBusinessLine](https://feedsoft.ai/events/67395-dollar-near-3-1-2-week-lows-commodity-currencies-stand-tall-the.md) | -1.2% | -3.8% |
| DXY | 2020-07-27 | [Dollar’s weakness boosts rally in commodities and currencies - Gulf Times](https://feedsoft.ai/events/5318-dollar-s-weakness-boosts-rally-in-commodities-and-currencies-gulf-times.md) | -0.8% | -0.9% |
| DXY | 2023-04-12 | [The Commodities Feed: All eyes on US CPI \| articles \| ING THINK](https://feedsoft.ai/events/36345-the-commodities-feed-all-eyes-on-us-cpi-articles-ing-think.md) | -0.4% | -0.6% |
| DXY | 2020-09-09 | [Forget oil – this is the commodity that will lead the loonie’s next moves - The Globe and Mail](https://feedsoft.ai/events/51353-forget-oil-this-is-the-commodity-that-will-lead-the-loonie-s-next-moves-the.md) | -0.7% | -0.2% |

## Sources

- forbes.com: https://www.forbes.com/sites/markledain/2024/06/29/the-us-needs-a-weak-currency-which-will-be-a-tailwind-for-commodities/

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