# 2 reasons the dollar could 'really surge' in 2020: HSBC strategist

> An HSBC FX strategist said the US dollar could surge in 2020 because it is both a safe haven and the highest-yielding G-10 currency. HSBC's base case is for a resilient dollar, with upside risk if growth falters and policymakers respond.

- Date: 2020-01-09 · published 2020-01-09T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/55252-2-reasons-the-dollar-could-really-surge-in-2020-hsbc-strategist
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger dollar tends to pressure US commodity prices and make US exports less competitive, which would weigh on feed grain and oilseed prices. This is a forecast opinion rather than a new event.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-02-27 | [Commodity returns plunge the most in months amid stronger dollar](https://feedsoft.ai/events/48541-commodity-returns-plunge-the-most-in-months-amid-stronger-dollar.md) | +0.8% | +0.8% |
| DXY | 2022-08-25 | [The USD/VND rate could cool down in 2H22](https://feedsoft.ai/events/40344-the-usd-vnd-rate-could-cool-down-in-2h22.md) | +0.3% | +2.5% |
| DXY | 2024-12-31 | [Why the Dollar’s Epic Rally Could Have a Little Further to Run - WSJ](https://feedsoft.ai/events/27134-why-the-dollar-s-epic-rally-could-have-a-little-further-to-run-wsj.md) | -0.2% | -0.4% |
| DXY | 2026-07-28 | [Vietnam's Central Exchange Rate Reaches All-Time High Amid Dollar Surge](https://feedsoft.ai/events/18663-vietnam-s-central-exchange-rate-reaches-all-time-high-amid-dollar-surge.md) | -0.9% | -2.0% |
| DXY | 2022-07-15 | [What the dollar's surge means for the economy](https://feedsoft.ai/events/40692-what-the-dollar-s-surge-means-for-the-economy.md) | -0.9% | -2.7% |

## Sources

- cnbc.com: https://www.cnbc.com/2020/01/09/2-things-could-make-the-dollar-really-surge-in-2020-hsbc-strategist.html

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