# New year bounce to lose momentum | Capital Economics

> Capital Economics says the New Year rebound in commodities and riskier assets, helped by a more dovish Fed that weakened the dollar in January, is likely to lose momentum. It expects slower global growth to dampen market optimism and drive renewed price weakness later in the year.

- Date: 2019-02-01 · published 2019-02-01T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/60503-new-year-bounce-to-lose-momentum-capital-economics
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker dollar supports dollar-priced commodities, but expected softening in global growth implies downside risk to feed ingredient prices later in 2019.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-08-27 | [Dollar depreciation unlikely to last \| Capital Economics](https://feedsoft.ai/events/45478-dollar-depreciation-unlikely-to-last-capital-economics.md) | -0.9% | -0.0% |
| DXY | 2018-02-21 | [US: Weaker dollar is here to stay – Capital Economics — Octa](https://feedsoft.ai/events/66699-us-weaker-dollar-is-here-to-stay-capital-economics-octa.md) | +0.5% | +0.3% |
| DXY | 2017-05-23 | [Economic prospects to maintain support for the euro \| Capital Economics](https://feedsoft.ai/events/71210-economic-prospects-to-maintain-support-for-the-euro-capital-economics.md) | +0.0% | -0.2% |
| DXY | 2023-12-13 | [US dollar strength likely to wane a bit further in 2024 \| Capital Economics](https://feedsoft.ai/events/8717-us-dollar-strength-likely-to-wane-a-bit-further-in-2024-capital-economics.md) | -1.0% | -0.7% |
| DXY | 2025-09-19 | [Fed rate cuts won’t be a major influence on commodity prices \| Capital Economics](https://feedsoft.ai/events/22760-fed-rate-cuts-won-t-be-a-major-influence-on-commodity-prices-capital-economics.md) | +0.7% | +0.9% |

## Sources

- capitaleconomics.com: https://www.capitaleconomics.com/clients/publications/commodities-overview/commodities-economics-chart-book/new-year-bounce-to-lose-momentum

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