# As the USD powers again, will commodities rise or fall? - MacroBusiness

> Macrobusiness reproduces Goldman Sachs analysis arguing the dollar could reprice sharply higher if the Fed hiked in March, with markets adding two hikes in 2017 and three in 2018. Goldman favors shorting sterling against the dollar and sees a lower euro. The piece is forward-looking currency commentary.

- Date: 2017-03-03 · published 2017-03-03T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/71926-as-the-usd-powers-again-will-commodities-rise-or-fall-macrobusiness
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

A stronger dollar path would generally pressure dollar-denominated commodity prices and raise the local-currency cost of imports for many feed-buying countries.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼
- GBPUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-12-07 | [Half of Commodities in the Red for 2022 as King Dollar Rears Head Again \| Investing.com](https://feedsoft.ai/events/38163-half-of-commodities-in-the-red-for-2022-as-king-dollar-rears-head-again.md) | -1.0% | -0.7% |
| DXY | 2023-12-10 | [Australian dollar to fall on strong US jobs - MacroBusiness](https://feedsoft.ai/events/32982-australian-dollar-to-fall-on-strong-us-jobs-macrobusiness.md) | -0.8% | -0.9% |
| DXY | 2022-08-29 | [Time to short the US dollar? - MacroBusiness](https://feedsoft.ai/events/40297-time-to-short-the-us-dollar-macrobusiness.md) | +0.6% | +4.4% |
| DXY | 2024-12-20 | [The Commodities Feed: Stronger USD prompts oil sell-off \| articles \| ING THINK](https://feedsoft.ai/events/26895-the-commodities-feed-stronger-usd-prompts-oil-sell-off-articles-ing-think.md) | -0.1% | -0.2% |
| DXY | 2024-11-06 | [Wheat, corn and soy fall as market anticipates Trump win - Markets - Business Recorder](https://feedsoft.ai/events/10552-wheat-corn-and-soy-fall-as-market-anticipates-trump-win-markets-business.md) | +1.9% | +1.5% |
| EURUSD | 2020-01-27 | [Due to oil prices on the world market, the prices of all commodities are rising – Lider Media](https://feedsoft.ai/events/55169-due-to-oil-prices-on-the-world-market-the-prices-of-all-commodities-are-rising.md) | +0.5% | -1.5% |
| EURUSD | 2022-03-03 | [Euro extends recent fall; dollar gains on data, Powell comments - Business & Finance - Business Recorder](https://feedsoft.ai/events/12081-euro-extends-recent-fall-dollar-gains-on-data-powell-comments-business-and.md) | -0.3% | +0.5% |
| EURUSD | 2018-10-03 | [US dollar strengthens after Fed comments - The Business Times](https://feedsoft.ai/events/62721-us-dollar-strengthens-after-fed-comments-the-business-times.md) | -0.2% | -2.0% |

## Sources

- macrobusiness.com.au: https://www.macrobusiness.com.au/2017/03/usd-powers-will-commodities-rise-fall/

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