# It will be a sideways bumpy road for the USD in the coming months – Nordea — Octa

> Nordea economists expect a sideways, bumpy path for the US dollar in the coming months as major central banks move toward synchronised rate cuts. They expect risk-sensitive currencies to outperform once the Fed starts easing.

- Date: 2024-03-26 · published 2024-03-26T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/31394-it-will-be-a-sideways-bumpy-road-for-the-usd-in-the-coming-months-nordea-octa
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A range-bound dollar offers little clear direction for dollar-denominated feed and grain prices. Currency-sensitive importers may face less pressure from exchange rates in the near term.

## Read by commodity

- DXY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-01-04 | [Fed’s pre-set course is a bore for the $ but music to the ears of EM FX - ING — Octa](https://feedsoft.ai/events/67172-fed-s-pre-set-course-is-a-bore-for-the-but-music-to-the-ears-of-em-fx-ing-octa.md) | -0.0% | -2.9% |
| DXY | 2017-03-15 | [Will A Fed Rate Hike Boost The Price Of Oil? \| Investing.com](https://feedsoft.ai/events/71924-will-a-fed-rate-hike-boost-the-price-of-oil-investing-com.md) | -1.5% | -1.3% |
| DXY | 2017-07-27 | [USD narrowly mixed after the FOMC statement - BBH — Octa](https://feedsoft.ai/events/70155-usd-narrowly-mixed-after-the-fomc-statement-bbh-octa.md) | -0.6% | -0.5% |
| DXY | 2017-02-24 | [US: State of the strong USD policy in jeopardy? - BBH — Octa](https://feedsoft.ai/events/72686-us-state-of-the-strong-usd-policy-in-jeopardy-bbh-octa.md) | +1.0% | -0.7% |
| DXY | 2018-01-17 | [The US Dollar is Not Yet Ripe For a Reversal, Says Westpac](https://feedsoft.ai/events/67170-the-us-dollar-is-not-yet-ripe-for-a-reversal-says-westpac.md) | -0.3% | -0.5% |

## Sources

- octabroker.com: https://www.octabroker.com/markets/news/view/1094441/

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