# US Dollar Forecast: Has USD Run Out Of Surprises This Month?

> The US dollar softened from a strong run as risk-on trading and rising oil prices supported optimism about global growth. Citibank kept its medium-term bearish dollar view, citing the US twin deficits and fading fiscal stimulus benefits.

- Date: 2018-05-10 · published 2018-05-10T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/65213-us-dollar-forecast-has-usd-run-out-of-surprises-this-month
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A weaker dollar supports US commodity export prices by making them cheaper for foreign buyers. Oil strength also supports biofuel-linked demand for oilseeds and vegetable oils.

## Read by commodity

- DXY: bearish ▼
- WTI: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-09-30 | [US Dollar Forecast: Fed’s easing weighs on the Dollar](https://feedsoft.ai/events/28507-us-dollar-forecast-fed-s-easing-weighs-on-the-dollar.md) | +0.9% | +3.1% |
| DXY | 2020-11-26 | [Euro rises to near 3-month high as US dollar falls - The Business Times](https://feedsoft.ai/events/50370-euro-rises-to-near-3-month-high-as-us-dollar-falls-the-business-times.md) | -1.2% | -1.5% |
| DXY | 2019-02-01 | [Rupee hits 5-month high vs US dollar, then erases gains](https://feedsoft.ai/events/61359-rupee-hits-5-month-high-vs-us-dollar-then-erases-gains.md) | +0.8% | +1.0% |
| DXY | 2025-02-24 | [South Korean Won Rises on Weak US Dollar](https://feedsoft.ai/events/26307-south-korean-won-rises-on-weak-us-dollar.md) | +0.9% | -0.7% |
| DXY | 2020-08-28 | [USD: Fed has set up the dollar for further weakness - MUFG - Forex Crunch](https://feedsoft.ai/events/51792-usd-fed-has-set-up-the-dollar-for-further-weakness-mufg-forex-crunch.md) | -0.5% | +1.0% |
| WTI | 2016-11-30 | [USD JPY breaks out to new highs as dollar surges and safe havens suffer](https://feedsoft.ai/events/74086-usd-jpy-breaks-out-to-new-highs-as-dollar-surges-and-safe-havens-suffer.md) | +12.5% | +19.3% |
| WTI | 2016-11-30 | [Dollar surges to 8-1/2-month high against yen on OPEC deal](https://feedsoft.ai/events/74079-dollar-surges-to-8-1-2-month-high-against-yen-on-opec-deal.md) | +12.5% | +19.3% |
| WTI | 2021-10-15 | [Oil prices rise to three-year high on back of supply deficit forecasts](https://feedsoft.ai/events/44716-oil-prices-rise-to-three-year-high-on-back-of-supply-deficit-forecasts.md) | +1.5% | +0.1% |

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/21595/us-dollar-forecast-has-usd-run-out-of-surprises-this-month.html

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