# Explaining our bearish outlook for the dollar | Lombard Odier

> Lombard Odier expects the dollar to weaken in 2019 after its 2018 rally, which was driven by wider US-rest of world rate differentials. It expects US fiscal stimulus to fade and the twin-deficit problem to raise US risk premia. The bank also flagged global downturn and US-China trade escalation as risks to its view.

- Date: 2018-11-13 · published 2018-11-13T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/62250-explaining-our-bearish-outlook-for-the-dollar-lombard-odier
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker dollar in 2019 would support US dollar-denominated grain and meal exports. The forecast depends on trade and growth risks that could change the outlook.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-02-01 | [Fed over-delivers… and the dollar bows \| Lombard Odier](https://feedsoft.ai/events/60508-fed-over-delivers-and-the-dollar-bows-lombard-odier.md) | +0.8% | +1.0% |
| 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 | 2021-08-27 | [Asian Currency Outlook: Bearish Bets Decline as Dollar Eases](https://feedsoft.ai/events/45814-asian-currency-outlook-bearish-bets-decline-as-dollar-eases.md) | -0.9% | -0.0% |
| DXY | 2017-08-21 | [Macroscope \| How to read the outlook for the US dollar \| South China Morning Post](https://feedsoft.ai/events/69641-macroscope-how-to-read-the-outlook-for-the-us-dollar-south-china-morning-post.md) | -0.6% | -1.3% |
| DXY | 2020-03-23 | [EUR/USD: FED Unlimited QE Sees Euro Gains But Nordea Unwilling To Call For Weaker Dollar Outlook](https://feedsoft.ai/events/11349-eur-usd-fed-unlimited-qe-sees-euro-gains-but-nordea-unwilling-to-call-for.md) | -2.0% | -1.7% |

## Sources

- lombardodier.com: https://www.lombardodier.com/contents/corporate-news/investment-insights/2018/november/explaining-our-bearish-outlook-f.html

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