# Dollar bears on wrong track - OMFIF

> An OMFIF commentary argues that early-2021 forecasts of a sharp dollar decline proved wrong, with the dollar roughly flat for the year. It cautions against overplaying renewed bearish arguments after weak April employment data.

- Date: 2021-05-12 · published 2021-05-12T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/47287-dollar-bears-on-wrong-track-omfif
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

The dollar's range-bound trading suggests no sustained currency tailwind or headwind for dollar-priced feed commodities in the near term.

## Read by commodity

- DXY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-10-26 | [Dollar gains over dong](https://feedsoft.ai/events/17352-dollar-gains-over-dong.md) | +0.3% | — |
| DXY | 2022-07-22 | [Will the dollar surge in the second half of 2022? - OMFIF](https://feedsoft.ai/events/40690-will-the-dollar-surge-in-the-second-half-of-2022-omfif.md) | -0.6% | -0.4% |
| DXY | 2019-10-31 | [Trump bets on Fed cuts to help the dollar. Don't count on it](https://feedsoft.ai/events/56774-trump-bets-on-fed-cuts-to-help-the-dollar-don-t-count-on-it.md) | -0.1% | +0.8% |
| DXY | 2017-09-25 | [It's risky to go long on the dollar \| The National](https://feedsoft.ai/events/69151-it-s-risky-to-go-long-on-the-dollar-the-national.md) | +1.2% | +2.3% |
| DXY | 2025-07-28 | [Sterling bounces off two-year low on euro, soft on dollar](https://feedsoft.ai/events/24026-sterling-bounces-off-two-year-low-on-euro-soft-on-dollar.md) | +1.0% | +0.2% |

## Sources

- omfif.org: https://www.omfif.org/2021/05/dollar-bears-on-wrong-track/

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