# Time to short the US dollar? - MacroBusiness

> MacroBusiness argues it is not yet time to short the US dollar, noting Goldman has turned bullish and Fed Chair Powell's Jackson Hole speech stressed a lengthy period of restrictive policy. The firm flags upcoming US payrolls and CPI releases as key events for the Fed path.

- Date: 2022-08-29 · published 2022-08-29T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/40297-time-to-short-the-us-dollar-macrobusiness
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expectations of sustained Fed tightening support a firmer dollar, which typically pressures US commodity export prices and dollar-denominated feed ingredients.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-01-28 | [Fundies add shorts to Aussie dollar rocket - MacroBusiness](https://feedsoft.ai/events/67229-fundies-add-shorts-to-aussie-dollar-rocket-macrobusiness.md) | +0.4% | +1.0% |
| DXY | 2023-05-30 | [US dollar set to be stronger for longer - The Business Times](https://feedsoft.ai/events/36141-us-dollar-set-to-be-stronger-for-longer-the-business-times.md) | -0.5% | -1.4% |
| DXY | 2023-12-10 | [Australian dollar to fall on strong US jobs - MacroBusiness](https://feedsoft.ai/events/32982-australian-dollar-to-fall-on-strong-us-jobs-macrobusiness.md) | -0.8% | -0.9% |
| DXY | 2018-10-03 | [US dollar strengthens after Fed comments - The Business Times](https://feedsoft.ai/events/62721-us-dollar-strengthens-after-fed-comments-the-business-times.md) | +0.6% | +2.3% |
| DXY | 2022-03-31 | [Searing hot Australian dollar begins to cool - MacroBusiness](https://feedsoft.ai/events/42516-searing-hot-australian-dollar-begins-to-cool-macrobusiness.md) | +0.8% | +3.8% |

## Sources

- macrobusiness.com.au: https://www.macrobusiness.com.au/2022/08/time-to-short-the-us-dollar/

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