# USD appreciation hurting the global economy? - NBF - Forex Crunch

> National Bank Financial analyst Krishen Rangasamy argues the causality between a strong US dollar and slowing global growth is unclear. He notes a strong dollar can curb trade volumes because most bank trade finance is dollar-denominated.

- Date: 2019-05-27 · published 2019-05-27T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/59250-usd-appreciation-hurting-the-global-economy-nbf-forex-crunch
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger dollar raises the cost of dollar-denominated trade finance, which can reduce import demand for feed grains and oilseeds in emerging markets. This is a bearish factor for commodity demand.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-11-27 | [USD/JPY: Yield spreads favor yen appreciation - CIBC - Forex Crunch](https://feedsoft.ai/events/50381-usd-jpy-yield-spreads-favor-yen-appreciation-cibc-forex-crunch.md) | -1.2% | -1.5% |
| DXY | 2017-06-15 | [USD extends gains across the board after the data and - Forex Crunch](https://feedsoft.ai/events/10198-usd-extends-gains-across-the-board-after-the-data-and-forex-crunch.md) | +1.1% | -0.5% |
| DXY | 2020-04-15 | [USD appreciation: I need a dollar](https://feedsoft.ai/events/53820-usd-appreciation-i-need-a-dollar.md) | +1.5% | +0.8% |
| DXY | 2018-09-30 | [Is the US dollar heading for a crash?  \| The National](https://feedsoft.ai/events/63245-is-the-us-dollar-heading-for-a-crash-the-national.md) | +0.7% | +1.8% |
| DXY | 2022-09-22 | [USD Forex Market: Every Nation for Itself as Dollar Wrecks Global Currencies - Bloomberg](https://feedsoft.ai/events/10322-usd-forex-market-every-nation-for-itself-as-dollar-wrecks-global-currencies.md) | +1.9% | +1.8% |

## Sources

- forexcrunch.com: https://www.forexcrunch.com/blog/2019/05/27/usd-appreciation-hurting-the-global-economy-nbf/

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