# For the US dollar, the only way is not up | articles | ING THINK

> An FX strategist argues the dollar is unlikely to keep rising as the U.S.-led trade war escalates, citing Harley-Davidson's plan to shift production after EU retaliatory tariffs. The note expects U.S. growth forecasts to be too optimistic given trade tensions.

- Date: 2018-06-26 · published 2018-06-26T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/64713-for-the-us-dollar-the-only-way-is-not-up-articles-ing-think
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker dollar expectation would support dollar-priced commodities, while escalating tariffs would still weigh on export demand for U.S. farm goods.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-04-02 | [FX: In the dollar we do not trust \| articles \| ING THINK](https://feedsoft.ai/events/53574-fx-in-the-dollar-we-do-not-trust-articles-ing-think.md) | -0.5% | -0.8% |
| DXY | 2024-01-24 | [FX Daily: Unwinding the spurious dollar rally \| articles \| ING THINK](https://feedsoft.ai/events/32330-fx-daily-unwinding-the-spurious-dollar-rally-articles-ing-think.md) | -0.4% | -0.1% |
| DXY | 2021-04-28 | [FX Daily: The patient Fed and the “nervous” dollar \| articles \| ING THINK](https://feedsoft.ai/events/47788-fx-daily-the-patient-fed-and-the-nervous-dollar-articles-ing-think.md) | +0.3% | -1.0% |
| DXY | 2020-03-02 | [US asset markets: What Fed cuts mean for US Treasuries and the dollar \| articles \| ING THINK](https://feedsoft.ai/events/7151-us-asset-markets-what-fed-cuts-mean-for-us-treasuries-and-the-dollar-articles.md) | -0.8% | +4.0% |
| DXY | 2021-03-04 | [FX: Dollar bounce underwhelms \| articles \| ING THINK](https://feedsoft.ai/events/10066-fx-dollar-bounce-underwhelms-articles-ing-think.md) | +0.7% | +0.9% |

## Sources

- think.ing.com: https://think.ing.com/articles/us-dollar-the-only-way-is-not-up/

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