# US dollar could weaken to 85 on the dollar index: Citi

> Citi strategist Mohammed Apabhai said the US dollar index could fall as low as 85 as the Federal Reserve expands its balance sheet by buying more bonds. He argued that a weaker dollar would benefit emerging market equities.

- Date: 2019-11-01 · published 2019-11-01T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/56262-us-dollar-could-weaken-to-85-on-the-dollar-index-citi
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A forecast dollar decline would tend to support dollar-denominated commodity prices and emerging market import demand, though this is an analyst projection rather than a confirmed move.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-05-13 | [UOB: The US dollar continues to weaken, reaching 26,300 VND in Q3.](https://feedsoft.ai/events/24990-uob-the-us-dollar-continues-to-weaken-reaching-26-300-vnd-in-q3.md) | -0.9% | -2.0% |
| DXY | 2023-11-21 | [Gold marches ahead to the beat of a weaker US dollar](https://feedsoft.ai/events/33074-gold-marches-ahead-to-the-beat-of-a-weaker-us-dollar.md) | -0.6% | -0.7% |
| DXY | 2018-01-24 | [Why the dollar is weak](https://feedsoft.ai/events/67171-why-the-dollar-is-weak.md) | -0.8% | -0.1% |
| DXY | 2020-01-03 | [The US dollar could see a 5% sell off in 2020: Strategist](https://feedsoft.ai/events/55255-the-us-dollar-could-see-a-5-sell-off-in-2020-strategist.md) | +0.2% | +0.7% |
| DXY | 2020-12-17 | [Ringgit to rebound as US dollar weakens](https://feedsoft.ai/events/49920-ringgit-to-rebound-as-us-dollar-weakens.md) | +0.2% | -0.2% |

## Sources

- cnbc.com: https://www.cnbc.com/2019/11/01/us-dollar-could-weaken-to-85-on-the-dollar-index-citi.html

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