# The US dollar could see a 5% sell off in 2020: Strategist

> Wells Fargo's Brendan McKenna says the US economy may slow below 2% in 2020, leading markets to price in more Fed easing. He expects the dollar could fall about 5% broadly against G10 and emerging currencies.

- Date: 2020-01-03 · published 2020-01-03T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/55255-the-us-dollar-could-see-a-5-sell-off-in-2020-strategist
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker dollar would lift dollar-denominated US feed commodity prices and improve export competitiveness for US grains and meal. This is a strategist forecast, not a new event.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-10-14 | [Why a top currency strategist decided now is the time to sell the dollar](https://feedsoft.ai/events/44746-why-a-top-currency-strategist-decided-now-is-the-time-to-sell-the-dollar.md) | -0.8% | -0.3% |
| DXY | 2019-11-01 | [US dollar could weaken to 85 on the dollar index: Citi](https://feedsoft.ai/events/56262-us-dollar-could-weaken-to-85-on-the-dollar-index-citi.md) | +0.2% | +0.9% |
| DXY | 2017-02-28 | [Dollar Sell-Off abates  \| OANDA](https://feedsoft.ai/events/72764-dollar-sell-off-abates-oanda.md) | +0.7% | -1.2% |
| DXY | 2017-06-29 | [Global Co-ordination on Interest Rates Could "Do Serious Damage to the Dollar"](https://feedsoft.ai/events/70707-global-co-ordination-on-interest-rates-could-do-serious-damage-to-the-dollar.md) | +0.3% | -1.7% |
| DXY | 2026-01-30 | [Why the US dollar hit a four-year low and could fall further](https://feedsoft.ai/events/21238-why-the-us-dollar-hit-a-four-year-low-and-could-fall-further.md) | +0.9% | +0.3% |

## Sources

- cnbc.com: https://www.cnbc.com/video/2020/01/03/the-us-dollar-could-see-a-5percent-sell-off-in-2020-strategist.html

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