# The US Dollar is Not Yet Ripe For a Reversal, Says Westpac

> Westpac analyst Richard Franulovich argues the US dollar is not exceptionally undervalued versus yield spreads or past Fed hiking cycles. The dollar index is roughly 10% undervalued against 2- and 5-year yields, far less than in 2005. The article says the dollar has not rallied as much as expected during the recent hiking cycle.

- Date: 2018-01-17 · published 2018-01-17T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/67170-the-us-dollar-is-not-yet-ripe-for-a-reversal-says-westpac
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

The view that the dollar will not sharply reverse suggests limited near-term support for dollar-priced commodities. Feed buyers should expect currency-driven price moves to stay modest in the near term.

## Read by commodity

- DXY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-01-30 | [US Dollar Weekly Forecast: The Fed is seen reducing rates twice in 2026](https://feedsoft.ai/events/21241-us-dollar-weekly-forecast-the-fed-is-seen-reducing-rates-twice-in-2026.md) | +0.9% | +0.3% |
| DXY | 2018-01-22 | [Westpac on why the Australian dollar is so strong (AUD rise ahead of fair value model)](https://feedsoft.ai/events/67230-westpac-on-why-the-australian-dollar-is-so-strong-aud-rise-ahead-of-fair-value.md) | -1.2% | -0.8% |
| DXY | 2020-04-22 | [Forecasts for the loonie and U.S. dollar](https://feedsoft.ai/events/53870-forecasts-for-the-loonie-and-u-s-dollar.md) | -0.4% | -1.1% |
| DXY | 2023-03-23 | [FX market is well-advised not to write off the US Dollar completely – Commerzbank — Octa](https://feedsoft.ai/events/37059-fx-market-is-well-advised-not-to-write-off-the-us-dollar-completely-commerzbank.md) | -0.7% | -1.1% |
| DXY | 2024-03-01 | [FX: A dollar decline is delayed, not deterred \| ING THINK](https://feedsoft.ai/events/31396-fx-a-dollar-decline-is-delayed-not-deterred-ing-think.md) | -0.8% | -0.1% |

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/usd/8336-us-dollar-not-yet-ripe-for-a-reversal-says-westpac

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