# Even the loonie is rising against the U.S. dollar as the Fed faces currency threat: Don Pittis | CBC News

> Don Pittis discusses Goldman Sachs' warning that the US dollar's reserve-currency status faces longer-term threats as the US economy weakens. He notes the loonie is rising against the dollar ahead of a Fed meeting where Powell may push back on the idea.

- Date: 2020-07-29 · published 2020-07-29T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/52356-even-the-loonie-is-rising-against-the-u-s-dollar-as-the-fed-faces-currency
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Concerns about dollar reserve status and Fed policy point to longer-run dollar weakness, which can support dollar-priced commodities, though the effect is largely speculative.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-07-29 | [Is the US dollar losing its clout as the world's reserve currency?](https://feedsoft.ai/events/52391-is-the-us-dollar-losing-its-clout-as-the-world-s-reserve-currency.md) | +0.4% | -0.4% |
| DXY | 2023-03-20 | [EMERGING MARKETS-Latam currencies rise against soft dollar \| Kitco News](https://feedsoft.ai/events/37068-emerging-markets-latam-currencies-rise-against-soft-dollar-kitco-news.md) | -0.9% | -2.2% |
| DXY | 2019-06-20 | [As the U.S. economy tilts toward concern, Canada's is on the upswing: Don Pittis \| CBC News](https://feedsoft.ai/events/58836-as-the-u-s-economy-tilts-toward-concern-canada-s-is-on-the-upswing-don-pittis.md) | -1.1% | -0.8% |
| DXY | 2025-09-23 | [Rand defies pressure: US tariffs fail to weaken currency’s surge against the Dollar](https://feedsoft.ai/events/23181-rand-defies-pressure-us-tariffs-fail-to-weaken-currency-s-surge-against-the.md) | +0.3% | +0.9% |
| DXY | 2019-10-31 | [GBP/USD: Pound Gains vs Dollar As Fed Cuts Rates - Currency Live](https://feedsoft.ai/events/56803-gbp-usd-pound-gains-vs-dollar-as-fed-cuts-rates-currency-live.md) | -0.1% | +0.8% |

## Sources

- cbc.ca: https://www.cbc.ca/news/business/federal-reserve-u-s-dollar-economy-rates-jerome-powell-1.5666260

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