# US Dollar has upside through the end of this year and into the early parts of 2023 – Wells Fargo — Octa

> Wells Fargo forecasts continued US dollar strength through early 2023, with the peak possibly arriving sooner than expected. It expects a US recession and Fed rate cuts later, with the dollar strongest against emerging market currencies.

- Date: 2022-06-28 · published 2022-06-28T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/41146-us-dollar-has-upside-through-the-end-of-this-year-and-into-the-early-parts-of
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Sustained dollar strength and weaker emerging market currencies reduce buying power of importers in those markets, which can soften demand and prices for feed commodities.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-06-19 | [Euro steadies as the US Dollar eases, but hawkish Fed bets limit upside](https://feedsoft.ai/events/11518-euro-steadies-as-the-us-dollar-eases-but-hawkish-fed-bets-limit-upside.md) | +0.4% | +0.1% |
| DXY | 2020-04-29 | [Euro seen falling to 1.05 to the US dollar by year-end: BofA](https://feedsoft.ai/events/53851-euro-seen-falling-to-1-05-to-the-us-dollar-by-year-end-bofa.md) | -0.5% | -1.5% |
| DXY | 2025-01-13 | [The US dollar is at its highest level in two years.](https://feedsoft.ai/events/26839-the-us-dollar-is-at-its-highest-level-in-two-years.md) | -0.3% | -0.9% |
| DXY | 2022-08-01 | [Euro Falls to Equal the U.S. Dollar for the First Time in 20 Years (Published 2022)](https://feedsoft.ai/events/40713-euro-falls-to-equal-the-u-s-dollar-for-the-first-time-in-20-years-published-2022.md) | +0.5% | +1.1% |
| DXY | 2026-08-31 | [US Dollar: Hawkish Fed pricing supports Dollar into payrolls – BBH](https://feedsoft.ai/events/18079-us-dollar-hawkish-fed-pricing-supports-dollar-into-payrolls-bbh.md) | -0.6% | +1.6% |
| USDBRL | 2023-09-08 | [Why the US Fed's interest rate pause is a win for dollar bulls \| The National](https://feedsoft.ai/events/34010-why-the-us-fed-s-interest-rate-pause-is-a-win-for-dollar-bulls-the-national.md) | -2.2% | +4.1% |
| USDBRL | 2024-09-23 | [Dollar rises more than 1% at the start of a week marked by inflation data in Brazil and the US \| Brasil 247](https://feedsoft.ai/events/28517-dollar-rises-more-than-1-at-the-start-of-a-week-marked-by-inflation-data-in.md) | -1.1% | +3.9% |
| USDBRL | 2020-03-19 | [A global rush into the US dollar is driving extreme market moves and a temporary shortage](https://feedsoft.ai/events/6274-a-global-rush-into-the-us-dollar-is-driving-extreme-market-moves-and-a.md) | -1.1% | +2.8% |

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/980180/

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