# We do not see a case for sustained Dollar appreciation – Goldman Sachs — Octa

> Goldman Sachs says it sees no case for sustained dollar appreciation despite the hawkish June FOMC meeting. It expects one Fed rate hike by end-2023, compared with roughly three priced in by markets, and sees 1.5-3.0% near-term upside risk for the broad dollar.

- Date: 2021-06-22 · published 2021-06-22T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/46775-we-do-not-see-a-case-for-sustained-dollar-appreciation-goldman-sachs-octa
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A bank forecast of a weaker dollar than market pricing implies less downward pressure on dollar-denominated commodities over the medium term, though near-term dollar strength remains a risk.

## Read by commodity

- DXY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-02-23 | [Chinese yuan against the dollar: China currency appreciation](https://feedsoft.ai/events/66714-chinese-yuan-against-the-dollar-china-currency-appreciation.md) | +0.6% | -0.6% |
| DXY | 2024-07-29 | [DXY: Weak US Dollar on FOMC – DBS — Octa](https://feedsoft.ai/events/29460-dxy-weak-us-dollar-on-fomc-dbs-octa.md) | -0.2% | -1.8% |
| 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 | 2023-02-22 | [Watch the dollar for de-globalisation](https://feedsoft.ai/events/37523-watch-the-dollar-for-de-globalisation.md) | +0.6% | +0.2% |
| DXY | 2024-07-26 | [EUR/USD appreciates to near 1.0850 ahead of US PCE inflation — Octa](https://feedsoft.ai/events/29489-eur-usd-appreciates-to-near-1-0850-ahead-of-us-pce-inflation-octa.md) | +0.3% | -0.9% |

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/908278/

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