# US dollar to test 105 against basket of currencies, says analyst

> An ANZ Bank analyst said the dollar could rise toward 105 on the dollar index in the short term, calling the recent dip profit-taking. The Fed had opened $450 billion in dollar liquidity facilities with nine central banks. Analysts doubted this would fully contain dollar hoarding.

- Date: 2020-03-24 · published 2020-03-24T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/6585-us-dollar-to-test-105-against-basket-of-currencies-says-analyst
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger dollar would pressure dollar-priced commodities and raise import costs for buyers outside the US. The forecast depends on the COVID-19 outbreak peaking.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-08-13 | [Broad basket of currencies losing ground against dollar](https://feedsoft.ai/events/9470-broad-basket-of-currencies-losing-ground-against-dollar.md) | +0.2% | +0.3% |
| DXY | 2017-05-18 | [Dollar spikes against major currencies](https://feedsoft.ai/events/4359-dollar-spikes-against-major-currencies.md) | -0.1% | -0.8% |
| DXY | 2025-09-17 | [Dollar Boost From Fed to Weigh on Asian Currencies, Analysts Say - Bloomberg](https://feedsoft.ai/events/23086-dollar-boost-from-fed-to-weigh-on-asian-currencies-analysts-say-bloomberg.md) | +0.4% | +1.5% |
| DXY | 2022-07-29 | [The strengthening of the U.S. dollar against the Latin American currencies - Latinoamérica 21](https://feedsoft.ai/events/40785-the-strengthening-of-the-u-s-dollar-against-the-latin-american-currencies.md) | -0.2% | +0.8% |
| DXY | 2018-08-07 | [Ringgit to remain weaker as US dollar strengthens against most currencies \| Borneo Post Online](https://feedsoft.ai/events/63779-ringgit-to-remain-weaker-as-us-dollar-strengthens-against-most-currencies.md) | +1.4% | +1.4% |

## Sources

- cnbc.com: https://www.cnbc.com/2020/03/24/us-dollar-to-test-105-against-basket-of-currencies-says-analyst.html

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