# Global Co-ordination on Interest Rates Could "Do Serious Damage to the Dollar"

> The Dollar Index fell to its lowest point since October 2016 as several major central banks, including the ECB, Fed, Bank of Canada and BoE, adopted more hawkish signals. Deutsche Bank strategists argue this apparent coordination was hinted at by Draghi's comments at the Sintra central banking forum. They say the dollar is especially vulnerable to this shift.

- Date: 2017-06-29 · published 2017-06-29T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/70707-global-co-ordination-on-interest-rates-could-do-serious-damage-to-the-dollar
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A broad, coordinated shift toward tighter policy weakens the dollar and can lift dollar-priced commodities. A weaker dollar also makes US feed exports more competitive abroad.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-05-29 | [Negative US interest rates could push gold price to all-time high: bank \| S&P Global](https://feedsoft.ai/events/53036-negative-us-interest-rates-could-push-gold-price-to-all-time-high-bank-s-and-p.md) | -1.4% | -0.6% |
| DXY | 2024-08-26 | [Interest rates: US dollar sinks as traders position for rate cuts by the Federal Reserve](https://feedsoft.ai/events/28691-interest-rates-us-dollar-sinks-as-traders-position-for-rate-cuts-by-the-federal.md) | +0.7% | -0.0% |
| DXY | 2018-03-28 | [US dollar weighed down by trade and interest rate policies \| The National](https://feedsoft.ai/events/66189-us-dollar-weighed-down-by-trade-and-interest-rate-policies-the-national.md) | +0.2% | +1.4% |
| DXY | 2019-11-01 | [US dollar could weaken to 85 on the dollar index: Citi](https://feedsoft.ai/events/56262-us-dollar-could-weaken-to-85-on-the-dollar-index-citi.md) | +0.2% | +0.9% |
| DXY | 2017-10-27 | [Decisions taken by the Governing Council of the ECB (in addition to decisions setting interest rates)](https://feedsoft.ai/events/68668-decisions-taken-by-the-governing-council-of-the-ecb-in-addition-to-decisions.md) | -0.1% | -1.4% |

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/usd/7074-us-dollar-at-risk-of-central-bank-coordination-on-rates

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