# DXY: peaked in Q3 2019? - UOB - Forex Crunch

> UOB strategists suggest the US dollar index may have peaked in September 2019 after finishing 2019 higher. They expect slower US growth of 1.5% in 2020 and a fourth Fed rate cut in the first quarter, with DXY targeting 95.6 by end-2020.

- Date: 2020-01-06 · published 2020-01-06T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/55254-dxy-peaked-in-q3-2019-uob-forex-crunch
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expected dollar weakness would support dollar-priced commodities, including US feed grains and oilseeds, by making them cheaper for foreign buyers. The view is a forecast rather than a new market-moving event.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-09-30 | [DXY to come off: we like to buy into any dip below 1.1550 in EUR/USD - Nordea - Forex Crunch](https://feedsoft.ai/events/63254-dxy-to-come-off-we-like-to-buy-into-any-dip-below-1-1550-in-eur-usd-nordea.md) | +0.7% | +1.8% |
| DXY | 2020-08-28 | [USD: Fed has set up the dollar for further weakness - MUFG - Forex Crunch](https://feedsoft.ai/events/51792-usd-fed-has-set-up-the-dollar-for-further-weakness-mufg-forex-crunch.md) | -0.5% | +1.0% |
| DXY | 2020-02-28 | [EUR/USD: Central banks to favor the euro - Forex Crunch](https://feedsoft.ai/events/54804-eur-usd-central-banks-to-favor-the-euro-forex-crunch.md) | -0.5% | +4.3% |
| DXY | 2020-10-09 | [USD/CNY catch-up may have more to go - MUFG - Forex Crunch](https://feedsoft.ai/events/5560-usd-cny-catch-up-may-have-more-to-go-mufg-forex-crunch.md) | -0.3% | -1.9% |
| DXY | 2017-01-31 | [Trump Trouble: USD/JPY remains on the back foot - Forex Crunch](https://feedsoft.ai/events/73229-trump-trouble-usd-jpy-remains-on-the-back-foot-forex-crunch.md) | -0.6% | -0.6% |

## Sources

- forexcrunch.com: https://www.forexcrunch.com/blog/2020/01/06/dxy-peaked-in-q3-2019-uob/

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