# Global Currency Outlook - Summer 2021

> RBC Global Asset Management's Summer 2021 currency outlook argues the U.S. dollar is in the early stages of a multi-year decline after losing more than 10% in 2020. The authors favour cyclical currencies that will benefit from economic reopening. They note foreign-exchange traders are watching real rates and term premiums as well as nominal yields.

- Date: 2021-06-22 · published 2021-06-22T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/46838-global-currency-outlook-summer-2021
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker U.S. dollar tends to support dollar-denominated commodity prices and lowers import costs for buyers in non-U.S. currencies. The outlook is a forecast rather than a new supply or demand event.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-01-26 | [In Global Currency Game, China Is Losing to U.S.](https://feedsoft.ai/events/11863-in-global-currency-game-china-is-losing-to-u-s.md) | -0.0% | +1.1% |
| DXY | 2018-02-07 | [Euro spurs currency experts to recalibrate outlook \| The National](https://feedsoft.ai/events/66706-euro-spurs-currency-experts-to-recalibrate-outlook-the-national.md) | +0.2% | +0.7% |
| DXY | 2021-08-27 | [Asian Currency Outlook: Bearish Bets Decline as Dollar Eases](https://feedsoft.ai/events/45814-asian-currency-outlook-bearish-bets-decline-as-dollar-eases.md) | -0.9% | -0.0% |
| DXY | 2021-05-25 | [Floundering dollar falls to bottom of global currency heap](https://feedsoft.ai/events/47282-floundering-dollar-falls-to-bottom-of-global-currency-heap.md) | -0.4% | +1.8% |
| DXY | 2018-12-20 | [Euro Outlook has Brightened as Currency Bloc's Stars Align for a Recovery](https://feedsoft.ai/events/61768-euro-outlook-has-brightened-as-currency-bloc-s-stars-align-for-a-recovery.md) | -0.1% | -1.1% |

## Sources

- rbcgam.com: https://www.rbcgam.com/en/ca/article/global-currency-outlook-summer-2021/detail

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