# A weaker USD should support commodity markets – ANZ — Octa

> ANZ strategists argue that a weaker US dollar should support commodity prices through 2023 as inflation eases and supply disruptions subside. They expect the dollar to weaken as the Fed's rate-hike cycle nears its end.

- Date: 2023-03-23 · published 2023-03-23T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/36778-a-weaker-usd-should-support-commodity-markets-anz-octa
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A forecast of dollar weakness points to firmer dollar-denominated commodity prices, which would raise the cost of imported feed ingredients for buyers. It is an analyst view rather than a new supply or demand event.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-03-04 | [Commodity markets saw slight upward trend last week](https://feedsoft.ai/events/7865-commodity-markets-saw-slight-upward-trend-last-week.md) | -0.9% | +0.0% |
| DXY | 2025-01-26 | [Commodity markets to focus on FOMC statement and US core PCE that to shape policy expectations](https://feedsoft.ai/events/26416-commodity-markets-to-focus-on-fomc-statement-and-us-core-pce-that-to-shape.md) | +0.8% | -0.2% |
| DXY | 2021-01-22 | [Dynamics have changed for commodity markets \| ABN AMRO](https://feedsoft.ai/events/49065-dynamics-have-changed-for-commodity-markets-abn-amro.md) | +0.7% | +0.5% |
| DXY | 2021-08-23 | [Rebound in commodity prices, weaker dollar lift Latam currencies - Markets - Business Recorder](https://feedsoft.ai/events/45760-rebound-in-commodity-prices-weaker-dollar-lift-latam-currencies-markets.md) | -1.0% | -0.5% |
| DXY | 2022-10-26 | [Weak dollar, big U.S. crude exports buoy oil markets](https://feedsoft.ai/events/39037-weak-dollar-big-u-s-crude-exports-buoy-oil-markets.md) | +0.0% | -2.8% |

## Sources

- octabroker.com: https://www.octabroker.com/markets/news/view/1031604/

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