# Much of the Good News is Already Priced Into the U.S. Dollar, says Scotiabank

> Scotiabank said the dollar may struggle to extend gains because strong first-quarter GDP was driven by inventories and soft consumer demand. The dollar slipped after the GDP release, suggesting the good news is already priced in.

- Date: 2019-04-30 · published 2019-04-30T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/59761-much-of-the-good-news-is-already-priced-into-the-u-s-dollar-says-scotiabank
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

If the dollar peaks, dollar-denominated feed commodities may get modest support, though the analyst view is that the currency stays firm for now.

## Read by commodity

- DXY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-08-29 | [US Dollar Index surges near 98.00 ahead of PCE Price Index data](https://feedsoft.ai/events/23513-us-dollar-index-surges-near-98-00-ahead-of-pce-price-index-data.md) | -0.1% | +0.1% |
| DXY | 2018-01-17 | [The US Dollar is Not Yet Ripe For a Reversal, Says Westpac](https://feedsoft.ai/events/67170-the-us-dollar-is-not-yet-ripe-for-a-reversal-says-westpac.md) | -0.3% | -0.5% |
| DXY | 2023-03-23 | [FX market is well-advised not to write off the US Dollar completely – Commerzbank — Octa](https://feedsoft.ai/events/37059-fx-market-is-well-advised-not-to-write-off-the-us-dollar-completely-commerzbank.md) | -0.7% | -1.1% |
| DXY | 2017-09-25 | [It's risky to go long on the dollar \| The National](https://feedsoft.ai/events/69151-it-s-risky-to-go-long-on-the-dollar-the-national.md) | +1.2% | +2.3% |
| DXY | 2024-07-10 | [Why the Fed cutting interest rates may weaken the U.S. dollar](https://feedsoft.ai/events/29459-why-the-fed-cutting-interest-rates-may-weaken-the-u-s-dollar.md) | -0.6% | +0.2% |

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/usd/11258-much-of-the-good-news-is-already-priced-into-the-u-s-dollar-says-scotiabank

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