# Why a recession likely won't help the US dollar | Standard Chartered Insights

> Standard Chartered argues that a US recession is unlikely to strengthen the dollar, siding with a camp that expects the currency to weaken on high valuations and narrowing rate differentials. The piece draws on historical behaviour of the dollar around Fed pauses and recessions.

- Date: 2023-04-20 · published 2023-04-20T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/36581-why-a-recession-likely-won-t-help-the-us-dollar-standard-chartered-insights
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker-dollar outlook would support dollar-priced grain, oilseed and meal prices over the medium term, though this is an analytical view rather than a new market driver.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-02-02 | [USD/KRW: Rapid won appreciation is a key concern – Standard Chartered — Octa](https://feedsoft.ai/events/48864-usd-krw-rapid-won-appreciation-is-a-key-concern-standard-chartered-octa.md) | -0.3% | +0.1% |
| DXY | 2020-07-30 | [US dollar: Sell-off to extend amid low yields, ample liquidity – Standard Chartered — Octa](https://feedsoft.ai/events/52303-us-dollar-sell-off-to-extend-amid-low-yields-ample-liquidity-standard-chartered.md) | -0.3% | -0.5% |
| DXY | 2023-07-28 | [Why is the US dollar losing its shine?](https://feedsoft.ai/events/35220-why-is-the-us-dollar-losing-its-shine.md) | +1.3% | +2.0% |
| DXY | 2026-01-28 | [CNA Explains: Why is the US dollar weakening - and how much did the yen really matter? - CNA](https://feedsoft.ai/events/21294-cna-explains-why-is-the-us-dollar-weakening-and-how-much-did-the-yen-really.md) | +0.4% | +0.3% |
| DXY | 2026-01-30 | [Why the US dollar hit a four-year low and could fall further](https://feedsoft.ai/events/21238-why-the-us-dollar-hit-a-four-year-low-and-could-fall-further.md) | +0.9% | +0.3% |

## Sources

- sc.com: https://www.sc.com/en/news/a-us-recession-is-unlikely-to-be-the-us-dollars-lifeboat/

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