# Why a top currency strategist decided now is the time to sell the dollar

> Currency strategist Jens Nordvig exited his long dollar positions and is looking to short the dollar, particularly against emerging market currencies. He said the dollar appears to have topped out after reaching a 52-week high, with its next move dependent on Federal Reserve comments about inflation.

- Date: 2021-10-14 · published 2021-10-14T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/44746-why-a-top-currency-strategist-decided-now-is-the-time-to-sell-the-dollar
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md), [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A view that the dollar has peaked would support dollar-priced commodities and emerging market currency strength, which can improve import demand for feed in those markets.

## Read by commodity

- DXY: bearish ▼
- USDBRL: bearish ▼
- USDMXN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-01-03 | [The US dollar could see a 5% sell off in 2020: Strategist](https://feedsoft.ai/events/55255-the-us-dollar-could-see-a-5-sell-off-in-2020-strategist.md) | +0.2% | +0.7% |
| DXY | 2018-01-24 | [Why the dollar is weak](https://feedsoft.ai/events/67171-why-the-dollar-is-weak.md) | -0.8% | -0.1% |
| DXY | 2020-07-29 | [Is the US dollar losing its clout as the world's reserve currency?](https://feedsoft.ai/events/52391-is-the-us-dollar-losing-its-clout-as-the-world-s-reserve-currency.md) | +0.4% | -0.4% |
| DXY | 2022-11-12 | [Why investors don't expect the dollar selloff to last beyond current rout \| The National](https://feedsoft.ai/events/7562-why-investors-don-t-expect-the-dollar-selloff-to-last-beyond-current-rout-the.md) | -0.7% | -1.6% |
| DXY | 2023-11-29 | [The Australian dollar is surging. Here’s why](https://feedsoft.ai/events/33404-the-australian-dollar-is-surging-here-s-why.md) | +1.0% | -0.9% |
| USDBRL | 2018-09-28 | [Brazilian currency strengthens below 4 to the dollar: first time in five weeks — MercoPress](https://feedsoft.ai/events/63259-brazilian-currency-strengthens-below-4-to-the-dollar-first-time-in-five-weeks.md) | -1.8% | -8.2% |
| USDBRL | 2020-03-19 | [The Fed is extending its currency exchange program to more central banks around the world](https://feedsoft.ai/events/54307-the-fed-is-extending-its-currency-exchange-program-to-more-central-banks-around.md) | -1.1% | +2.8% |
| USDBRL | 2022-03-29 | [Dollar’s Strength Defied in Latin America - WSJ](https://feedsoft.ai/events/42472-dollar-s-strength-defied-in-latin-america-wsj.md) | -3.6% | +3.1% |

## Sources

- cnbc.com: https://www.cnbc.com/2021/10/14/why-a-top-currency-strategist-decided-now-is-the-time-to-sell-the-dollar.html

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