# Fed over-delivers… and the dollar bows | Lombard Odier

> Lombard Odier says the Fed over-delivered with its dovish pivot, pushing the dollar lower. The bank maintains a bearish dollar view, forecasting a trade-weighted depreciation of 8-10% in 2019, underweighting USD against JPY and EUR.

- Date: 2019-02-01 · published 2019-02-01T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/60508-fed-over-delivers-and-the-dollar-bows-lombard-odier
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A forecast of sustained dollar weakness would tend to support dollar-denominated commodity prices over the coming year.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-03-25 | [FX Monthly \| A tale of two dollars \| Lombard Odier](https://feedsoft.ai/events/6588-fx-monthly-a-tale-of-two-dollars-lombard-odier.md) | -2.4% | -1.3% |
| DXY | 2018-11-13 | [Explaining our bearish outlook for the dollar \| Lombard Odier](https://feedsoft.ai/events/62250-explaining-our-bearish-outlook-for-the-dollar-lombard-odier.md) | -0.4% | -0.2% |
| DXY | 2017-05-31 | [US Dollar Rally Over Unless Trump Delivers a Substantial Fiscal Boost](https://feedsoft.ai/events/71252-us-dollar-rally-over-unless-trump-delivers-a-substantial-fiscal-boost.md) | -0.7% | -0.9% |
| DXY | 2020-06-10 | [Forex Today: Fed sent the dollar  further lower — Octa](https://feedsoft.ai/events/52525-forex-today-fed-sent-the-dollar-further-lower-octa.md) | +0.8% | +0.8% |
| DXY | 2026-07-31 | [Dollar Logs Worst Week in Over Three Months Amid Fed Doubts - Bloomberg](https://feedsoft.ai/events/8417-dollar-logs-worst-week-in-over-three-months-amid-fed-doubts-bloomberg.md) | -0.1% | -1.1% |

## Sources

- lombardodier.com: https://www.lombardodier.com/contents/corporate-news/investment-insights/2019/february/fed-over-delivers-and-the-dollar.html

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