# Even with a Fed rate hike, dollar can weaken further: Credit Suisse

> Credit Suisse analyst Ray Farris says the dollar index, down more than 2% for 2018, can weaken further even with the Fed widely expected to hike rates at its March 21 meeting. He notes that early stages of Fed hike cycles have historically seen the dollar fall for a period. He argues the dollar has room to weaken until U.S. yields rise substantially.

- Date: 2018-03-20 · published 2018-03-20T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/66188-even-with-a-fed-rate-hike-dollar-can-weaken-further-credit-suisse
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker dollar typically supports dollar-denominated commodity prices and makes US exports more competitive, which is mildly supportive for grain and oilseed values. The effect on feed costs is indirect and depends on how the currency move evolves.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-09-01 | [Gold climbs on weaker dollar, easing Fed rate hike concerns](https://feedsoft.ai/events/17807-gold-climbs-on-weaker-dollar-easing-fed-rate-hike-concerns.md) | -0.6% | +2.1% |
| DXY | 2024-09-05 | [Investor bets shift as dollar weakens with looming Fed rate cuts](https://feedsoft.ai/events/28220-investor-bets-shift-as-dollar-weakens-with-looming-fed-rate-cuts.md) | +0.2% | -0.8% |
| DXY | 2023-02-02 | [Dollar strength nears end with small Fed rate hike, breaks 101 handle](https://feedsoft.ai/events/37555-dollar-strength-nears-end-with-small-fed-rate-hike-breaks-101-handle.md) | +1.3% | +2.1% |
| DXY | 2023-11-27 | [US dollar weakens as Fed rate cut view weighs](https://feedsoft.ai/events/33364-us-dollar-weakens-as-fed-rate-cut-view-weighs.md) | -0.2% | -1.0% |
| DXY | 2019-01-11 | [Gold shines on weak dollar, Fed chief's dovish tone on rate hike](https://feedsoft.ai/events/61008-gold-shines-on-weak-dollar-fed-chief-s-dovish-tone-on-rate-hike.md) | +0.4% | +0.9% |

## Sources

- cnbc.com: https://www.cnbc.com/2018/03/20/even-with-a-fed-rate-hike-dollar-can-weaken-further-credit-suisse.html

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