# US dollar: will struggle to make much headway - Westpac — Octa

> Westpac analysts expect the US dollar to struggle to make much headway over the next three months. They cite soft May CPI inflation of 0.1%, weak growth and inflation that do not justify a hawkish Fed, and political risks to the Republican agenda. They expect the dollar to resume its uptrend by year-end only if those risks fade.

- Date: 2017-06-26 · published 2017-06-26T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/70709-us-dollar-will-struggle-to-make-much-headway-westpac-octa
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A flat-to-weaker dollar outlook is mildly supportive for dollar-priced feed commodities. The forecast is a conditional macro view with limited immediate supply or demand impact.

## Read by commodity

- DXY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-07-29 | [DXY: Weak US Dollar on FOMC – DBS — Octa](https://feedsoft.ai/events/29460-dxy-weak-us-dollar-on-fomc-dbs-octa.md) | -0.2% | -1.8% |
| DXY | 2020-09-08 | [ECB will struggle to rein in the euro, say investors](https://feedsoft.ai/events/51334-ecb-will-struggle-to-rein-in-the-euro-say-investors.md) | -0.3% | +0.1% |
| DXY | 2018-01-17 | [The US Dollar is Not Yet Ripe For a Reversal, Says Westpac](https://feedsoft.ai/events/67170-the-us-dollar-is-not-yet-ripe-for-a-reversal-says-westpac.md) | -0.3% | -0.5% |
| 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 | 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% |

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/458086/

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