# What’s behind the divergence between USD & nominal rate differentials? – Goldman Sachs — Octa

> Goldman Sachs says the dollar has fallen despite stable interest rate differentials, mainly because of weak-dollar rhetoric from the new administration. Market pricing for Fed hikes is roughly unchanged since the start of 2017.

- Date: 2017-02-06 · published 2017-02-06T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/72687-what-s-behind-the-divergence-between-usd-and-nominal-rate-differentials-goldman
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A softer dollar supports U.S. commodity exports by improving competitiveness, though the effect on feed prices is usually modest.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-05-19 | [USD: Expect the strong trend to fade – Goldman Sachs — Octa](https://feedsoft.ai/events/71188-usd-expect-the-strong-trend-to-fade-goldman-sachs-octa.md) | -0.8% | -1.4% |
| DXY | 2025-11-19 | [Currencies: Yield Differentials Strengthen the Euro](https://feedsoft.ai/events/22161-currencies-yield-differentials-strengthen-the-euro.md) | +0.3% | -0.9% |
| DXY | 2023-02-09 | [What's behind the euro's comeback against the US dollar](https://feedsoft.ai/events/37542-what-s-behind-the-euro-s-comeback-against-the-us-dollar.md) | +0.3% | +1.1% |
| DXY | 2020-08-30 | [Euro-Dollar Week Ahead: Once More Unto the Breach as USD Sentiment Dominates](https://feedsoft.ai/events/51827-euro-dollar-week-ahead-once-more-unto-the-breach-as-usd-sentiment-dominates.md) | +0.1% | +1.4% |
| DXY | 2025-04-30 | [Foreign demand for US assets will wane unless the dollar slides more: Goldman Sachs](https://feedsoft.ai/events/25324-foreign-demand-for-us-assets-will-wane-unless-the-dollar-slides-more-goldman.md) | -0.5% | -0.5% |

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/408145/

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