# Optimism for USD – Nomura — Octa

> Nomura analysts say the dollar extended its rebound in the week after Fed Chair Powell's congressional testimony. They note that yield differentials have lost explanatory power for the dollar, while the 2s5s curve slope correlates better. The research team says FX markets are focusing on hikes further out the curve.

- Date: 2018-03-02 · published 2018-03-02T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/66194-optimism-for-usd-nomura-octa
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firmer dollar tends to pressure dollar-priced commodities, though the weaker link to yields makes the currency signal less predictable for feed markets. Traders may watch curve shape as a guide to dollar direction.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-04-26 | [USD/JPY a sell here? Dollar is strong for 'bad' reasons - Nomura — Octa](https://feedsoft.ai/events/65738-usd-jpy-a-sell-here-dollar-is-strong-for-bad-reasons-nomura-octa.md) | +0.7% | +2.1% |
| DXY | 2019-12-06 | [AUD/USD: Trade Optimism & Forecast Beating NFP - Currency Live](https://feedsoft.ai/events/55814-aud-usd-trade-optimism-and-forecast-beating-nfp-currency-live.md) | -0.4% | -1.1% |
| DXY | 2017-06-14 | [Potential for the USD to rally out of the FOMC - NAB — Octa](https://feedsoft.ai/events/10201-potential-for-the-usd-to-rally-out-of-the-fomc-nab-octa.md) | +0.6% | -0.9% |
| DXY | 2017-05-29 | [USD: Bull move is over? - BBH — Octa](https://feedsoft.ai/events/71193-usd-bull-move-is-over-bbh-octa.md) | -0.4% | -0.6% |
| DXY | 2017-10-31 | [ISM manufacturing key for Fed and USD - OFX (CA)](https://feedsoft.ai/events/68709-ism-manufacturing-key-for-fed-and-usd-ofx-ca.md) | -0.2% | -1.4% |

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/545408/

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