# USD to remain resilient, downside risks to the GBP in the months ahead – HSBC — Octa

> HSBC economists expect the broad US dollar to stay resilient in the coming months, while downside risks to sterling grow as the BoE moves toward easing. They cite the BoE's March 21 decision to hold at 5.25% after February's hawkish dissenters joined the majority.

- Date: 2024-03-27 · published 2024-03-27T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/31466-usd-to-remain-resilient-downside-risks-to-the-gbp-in-the-months-ahead-hsbc-octa
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A firmer dollar tends to pressure dollar-denominated grain and meal prices and makes US exports less competitive, so feed buyers may see softer export-linked prices.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-06-20 | [US dollar to remain resilient amid the re-pricing higher in Fed's rate expectations – ING — Octa](https://feedsoft.ai/events/41145-us-dollar-to-remain-resilient-amid-the-re-pricing-higher-in-fed-s-rate.md) | -0.9% | +1.0% |
| DXY | 2024-04-29 | [Malaysia to remain resilient as Fed rate cut hopes fade \| The Star](https://feedsoft.ai/events/31018-malaysia-to-remain-resilient-as-fed-rate-cut-hopes-fade-the-star.md) | -0.7% | -1.1% |
| DXY | 2021-05-28 | [USD/JPY set to retest 110 ahead of US data — Octa](https://feedsoft.ai/events/47355-usd-jpy-set-to-retest-110-ahead-of-us-data-octa.md) | -0.1% | +1.0% |
| DXY | 2021-11-22 | [EUR/USD: Vulnerable to downside risks to Euro Area activity – Goldman Sachs](https://feedsoft.ai/events/44251-eur-usd-vulnerable-to-downside-risks-to-euro-area-activity-goldman-sachs.md) | +1.2% | +0.7% |
| DXY | 2023-10-04 | [Rand falls to lowest level against the dollar in months](https://feedsoft.ai/events/33924-rand-falls-to-lowest-level-against-the-dollar-in-months.md) | -0.8% | +0.0% |
| CORN | 2022-06-20 | [US dollar to remain resilient amid the re-pricing higher in Fed's rate expectations – ING — Octa](https://feedsoft.ai/events/41145-us-dollar-to-remain-resilient-amid-the-re-pricing-higher-in-fed-s-rate.md) | -3.7% | -11.8% |
| 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% |
| CORN | 2024-10-28 | [China's weakening yuan set to snap three straight months of gains in Oct](https://feedsoft.ai/events/28078-china-s-weakening-yuan-set-to-snap-three-straight-months-of-gains-in-oct.md) | -0.3% | +0.9% |

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/1094609/

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