# Dollar will weaken further while bond yields strengthen: Wells Fargo

> Wells Fargo's Michael Schumacher says the Fed's dovish stance supports continued dollar weakness over the next four to five months. He doubts the 10-year Treasury yield will rise much, though he still expects it to top 1% by year-end.

- Date: 2020-07-30 · published 2020-07-30T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/52299-dollar-will-weaken-further-while-bond-yields-strengthen-wells-fargo
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expectations of a softer dollar generally support dollar-priced commodities, though this is forecast commentary rather than a new driver.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-11-28 | [Dollar weakens as U.S. bond yields drop](https://feedsoft.ai/events/38899-dollar-weakens-as-u-s-bond-yields-drop.md) | -1.1% | -1.1% |
| DXY | 2024-03-20 | [Dollar weakens after Fed meeting, yen strengthens](https://feedsoft.ai/events/31389-dollar-weakens-after-fed-meeting-yen-strengthens.md) | +0.1% | +1.8% |
| DXY | 2022-11-08 | [Dollar slips as German bund yields strengthen euro \| Financial Post](https://feedsoft.ai/events/8201-dollar-slips-as-german-bund-yields-strengthen-euro-financial-post.md) | -2.6% | -2.8% |
| DXY | 2024-02-16 | [Dollar retreats on weak US Retail Sales, bond yields slump](https://feedsoft.ai/events/31933-dollar-retreats-on-weak-us-retail-sales-bond-yields-slump.md) | -0.1% | -0.7% |
| DXY | 2020-06-10 | [Possible Fed move to cap yield rise could further weaken U.S. dollar \| Financial Post](https://feedsoft.ai/events/52807-possible-fed-move-to-cap-yield-rise-could-further-weaken-u-s-dollar-financial.md) | +0.8% | +0.8% |

## Sources

- cnbc.com: https://www.cnbc.com/2020/07/29/dollar-will-weaken-further-while-bond-yields-strengthen-wells-fargo.html

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