# Dollar cycle may be about to turn, supporting oil prices: Kemp

> Reuters columnist John Kemp argues the dollar's rise may be ending as US-China trade tensions weigh and pressure to raise rates fades. He suggests this could lift oil prices.

- Date: 2019-01-04 · published 2019-01-04T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/61292-dollar-cycle-may-be-about-to-turn-supporting-oil-prices-kemp
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A turning dollar would support dollar-priced commodities, including crude oil, which feeds into biofuel and input costs for feed.

## Read by commodity

- DXY: bearish ▼
- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-06-20 | [King Dollar's Reign May Be Ending as Fed Debates a U-Turn - Bloomberg](https://feedsoft.ai/events/7436-king-dollar-s-reign-may-be-ending-as-fed-debates-a-u-turn-bloomberg.md) | -1.1% | -0.8% |
| DXY | 2020-05-18 | [Dollar struggles as rising oil prices lift commodity currencies](https://feedsoft.ai/events/53034-dollar-struggles-as-rising-oil-prices-lift-commodity-currencies.md) | -1.0% | -2.9% |
| DXY | 2026-07-29 | [ING Says Dollar to Take Cue from Oil Prices If Fed Holds Rate \| Financial Post](https://feedsoft.ai/events/18262-ing-says-dollar-to-take-cue-from-oil-prices-if-fed-holds-rate-financial-post.md) | -0.9% | -2.0% |
| DXY | 2018-03-26 | [China oil futures launch may threaten primacy of U.S. dollar: UBS](https://feedsoft.ai/events/66216-china-oil-futures-launch-may-threaten-primacy-of-u-s-dollar-ubs.md) | -0.3% | +0.4% |
| DXY | 2017-07-27 | [The U.S. dollar drop could send gold prices soaring](https://feedsoft.ai/events/69899-the-u-s-dollar-drop-could-send-gold-prices-soaring.md) | -0.6% | -0.5% |
| WTI | 2022-01-11 | [Canadian dollar climbs to 2-month high as oil prices jump](https://feedsoft.ai/events/43396-canadian-dollar-climbs-to-2-month-high-as-oil-prices-jump.md) | +9.3% | +14.3% |
| WTI | 2018-04-27 | [Rising crude prices supportive to corn market - Brownfield Ag News](https://feedsoft.ai/events/65539-rising-crude-prices-supportive-to-corn-market-brownfield-ag-news.md) | +0.4% | +3.8% |
| WTI | 2022-06-03 | [Canadian dollar dips but posts 3rd weekly gain on soaring oil prices - The Globe and Mail](https://feedsoft.ai/events/41187-canadian-dollar-dips-but-posts-3rd-weekly-gain-on-soaring-oil-prices-the-globe.md) | +4.0% | -6.2% |

## Sources

- reuters.com: https://www.reuters.com/article/us-usa-dollar-kemp/dollar-cycle-may-be-about-to-turn-supporting-oil-prices-kemp-idUSKCN1OY136/

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