# FX market is well-advised not to write off the US Dollar completely – Commerzbank — Octa

> Commerzbank economists advise the FX market not to write off the US dollar, noting that the Fed's dot plot shifted slightly higher than in December. They also flagged a large gap between market expectations of rapid rate cuts and the FOMC's projections.

- Date: 2023-03-23 · published 2023-03-23T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/37059-fx-market-is-well-advised-not-to-write-off-the-us-dollar-completely-commerzbank
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Uncertainty over the dollar's direction keeps dollar-priced commodity and export competitiveness unclear, with limited direct effect on feed prices.

## Read by commodity

- DXY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-06-13 | [US Dollar on Cusp of Renewed Downtrend as Faster-Fed Fails to Inspire the Market](https://feedsoft.ai/events/64711-us-dollar-on-cusp-of-renewed-downtrend-as-faster-fed-fails-to-inspire-the-market.md) | +1.3% | +0.6% |
| 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% |
| DXY | 2024-03-01 | [FX: A dollar decline is delayed, not deterred \| ING THINK](https://feedsoft.ai/events/31396-fx-a-dollar-decline-is-delayed-not-deterred-ing-think.md) | -0.8% | -0.1% |
| DXY | 2017-01-06 | [USD:  limited scope for additional gains seen - Commerzbank — Octa](https://feedsoft.ai/events/73157-usd-limited-scope-for-additional-gains-seen-commerzbank-octa.md) | -0.2% | -1.7% |
| DXY | 2017-06-26 | [US dollar: will struggle to make much headway - Westpac — Octa](https://feedsoft.ai/events/70709-us-dollar-will-struggle-to-make-much-headway-westpac-octa.md) | -0.8% | -2.4% |

## Sources

- octabroker.com: https://www.octabroker.com/markets/news/view/1031612/

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