# U.S. growth, deficits to push greenback lower, real yields to support - The Globe and Mail

> Reuters reports that the dollar is expected to keep declining due to rising trade and fiscal deficits and growth powered by higher commodity prices. A fund manager and economists expect a 2% to 5% further decline, though rising real yields may limit the fall. The dollar index is also seen possibly breaking below 90.

- Date: 2021-04-28 · published 2021-04-28T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/47792-u-s-growth-deficits-to-push-greenback-lower-real-yields-to-support-the-globe
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker dollar is generally supportive of commodity prices and can improve the competitiveness of U.S. feed grain and meal exports. The impact is indirect and gradual.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-10-18 | [Rising U.S. bond yields pose risks to greenback - The Globe and Mail](https://feedsoft.ai/events/62718-rising-u-s-bond-yields-pose-risks-to-greenback-the-globe-and-mail.md) | +1.1% | +1.9% |
| DXY | 2019-04-26 | [Canadian dollar rises as U.S. growth composition weighs on greenback - The Globe and Mail](https://feedsoft.ai/events/59816-canadian-dollar-rises-as-u-s-growth-composition-weighs-on-greenback-the-globe.md) | -0.2% | +0.4% |
| DXY | 2023-11-29 | [The Greenback Falls on Lower Bond Yields - Desjardins](https://feedsoft.ai/events/33403-the-greenback-falls-on-lower-bond-yields-desjardins.md) | +1.0% | -0.9% |
| DXY | 2026-01-31 | [Loonie on a wild ride as global investors reassess the greenback - The Globe and Mail](https://feedsoft.ai/events/21282-loonie-on-a-wild-ride-as-global-investors-reassess-the-greenback-the-globe-and.md) | +0.3% | +0.7% |
| DXY | 2019-02-26 | [Canadian dollar strengthens as Fed’s patience bruises greenback - The Globe and Mail](https://feedsoft.ai/events/60837-canadian-dollar-strengthens-as-fed-s-patience-bruises-greenback-the-globe-and.md) | +0.5% | +0.2% |

## Sources

- theglobeandmail.com: https://www.theglobeandmail.com/investing/investment-ideas/article-us-growth-deficits-to-push-greenback-lower-real-yields-to-support/

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