# Macroscope | How to read the outlook for the US dollar | South China Morning Post

> An SCMP commentary argues the dollar faces further weakness after losing about 10% against major currencies this year. It cites the US twin deficits, a dithering Federal Reserve and President Trump's political troubles. Speculative positioning is beginning to turn more negative on the dollar.

- Date: 2017-08-21 · published 2017-08-21T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/69641-macroscope-how-to-read-the-outlook-for-the-us-dollar-south-china-morning-post
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A continued dollar slide would support dollar-priced commodity prices and US export competitiveness. Stronger currencies abroad could also make imports more expensive for some feed-importing countries.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-09-29 | [Can the US dollar make a comeback? \| South China Morning Post](https://feedsoft.ai/events/69153-can-the-us-dollar-make-a-comeback-south-china-morning-post.md) | +0.3% | +1.7% |
| DXY | 2017-12-26 | [Macroscope \| Why 2018 could be the year of the euro \| South China Morning Post](https://feedsoft.ai/events/67682-macroscope-why-2018-could-be-the-year-of-the-euro-south-china-morning-post.md) | -1.3% | -3.6% |
| DXY | 2022-12-05 | [China’s yuan strengthens past 7 per US dollar amid easing of coronavirus curbs \| South China Morning Post](https://feedsoft.ai/events/6581-china-s-yuan-strengthens-past-7-per-us-dollar-amid-easing-of-coronavirus-curbs.md) | +0.3% | +0.1% |
| DXY | 2022-12-01 | [US dollar strength has ‘reached peak’, China’s central bank says, as Fed considers scaling back rate hikes \| South China Morning Post](https://feedsoft.ai/events/6579-us-dollar-strength-has-reached-peak-china-s-central-bank-says-as-fed-considers.md) | -0.6% | -1.5% |
| DXY | 2017-09-08 | [Across The Border \| China’s huge currency rally could have further to go, analysts say \| South China Morning Post](https://feedsoft.ai/events/7798-across-the-border-china-s-huge-currency-rally-could-have-further-to-go-analysts.md) | +0.6% | +2.5% |

## Sources

- scmp.com: https://www.scmp.com/business/article/2107575/how-read-outlook-us-dollar

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