# Dollar is on a strong depreciation path - Westpac — Octa

> Westpac analysts say the USD started 2018 on a strong depreciation path and expect a weaker dollar in the second half of 2018. They point to Fed policy reaching neutral and midterm election risks as headwinds. They reject the idea that extreme undervaluation will support the dollar.

- Date: 2018-01-19 · published 2018-01-19T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/67169-dollar-is-on-a-strong-depreciation-path-westpac-octa
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A forecast of a weaker dollar supports dollar-denominated feed ingredient prices and export competitiveness for US product. Buyers may face higher import costs in dollar terms if the trend continues.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-06-29 | [CNY rally on the back of broad USD depreciation - Westpac — Octa](https://feedsoft.ai/events/11185-cny-rally-on-the-back-of-broad-usd-depreciation-westpac-octa.md) | +0.3% | -1.7% |
| DXY | 2021-02-18 | [Current US dollar rally is a bear market correction – ING — Octa](https://feedsoft.ai/events/48820-current-us-dollar-rally-is-a-bear-market-correction-ing-octa.md) | -0.3% | +1.0% |
| DXY | 2022-09-23 | [Race to rein in strong dollar is on after Japan intervenes](https://feedsoft.ai/events/39758-race-to-rein-in-strong-dollar-is-on-after-japan-intervenes.md) | +1.1% | +1.2% |
| DXY | 2020-12-11 | [USD: FOMC action to keep dollar on weaker footing – MUFG — Octa](https://feedsoft.ai/events/49846-usd-fomc-action-to-keep-dollar-on-weaker-footing-mufg-octa.md) | -0.7% | -0.4% |
| DXY | 2023-11-23 | [Gold up on weaker dollar as investors wait on Fed rate path](https://feedsoft.ai/events/33078-gold-up-on-weaker-dollar-as-investors-wait-on-fed-rate-path.md) | -0.4% | -1.1% |

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/531762/

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