# Three Forces Weakening US Dollar’s Grip On Commodity Pricing | Wood Mackenzie

> Wood Mackenzie published research arguing that the US dollar's dominance in energy and metals pricing is weakening. It cites three forces: sanctions pushing exporters like Iran and Russia away from dollar payments, China and Europe promoting their own currencies, and the energy transition.

- Date: 2019-11-04 · published 2019-11-04T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/55960-three-forces-weakening-us-dollar-s-grip-on-commodity-pricing-wood-mackenzie
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A gradual shift away from dollar pricing would be a long-term structural factor for commodity prices in dollar terms. It has little direct near-term effect on feed grain prices.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-01-21 | [Weakening Dollar Good News For Commodities - Passport to Wall Street](https://feedsoft.ai/events/54999-weakening-dollar-good-news-for-commodities-passport-to-wall-street.md) | +0.6% | +1.3% |
| DXY | 2018-02-20 | [Why the commodity rally will get back on track \| Wood Mackenzie](https://feedsoft.ai/events/66407-why-the-commodity-rally-will-get-back-on-track-wood-mackenzie.md) | +0.7% | +1.4% |
| DXY | 2024-08-29 | [The U.S. Dollar and Commodity Prices \| news.cqg.com](https://feedsoft.ai/events/28700-the-u-s-dollar-and-commodity-prices-news-cqg-com.md) | +0.5% | -0.7% |
| DXY | 2025-11-19 | [Weaker US dollar next year to spark commodity push, predicts Franklin Templeton \| FOW](https://feedsoft.ai/events/21881-weaker-us-dollar-next-year-to-spark-commodity-push-predicts-franklin-templeton.md) | +0.3% | -0.9% |
| DXY | 2017-10-13 | [Commodities Make Gains as US Dollar Slips](https://feedsoft.ai/events/68392-commodities-make-gains-as-us-dollar-slips.md) | +0.1% | +1.1% |

## Sources

- woodmac.com: https://www.woodmac.com/news/feature/three-forces-weakening-us-dollars-grip-on-commodity-pricing/

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