# Are Interest Rates No Longer Driving the Dollar? - BBH — Octa

> Brown Brothers Harriman notes that US 10-year yields are at their highs for the year while the dollar has struggled to gain traction. The firm calculates a 60-day correlation of 0.61 between dollar index and yield changes, rising to 0.66 over 30 days.

- Date: 2017-01-26 · published 2017-01-26T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/73136-are-interest-rates-no-longer-driving-the-dollar-bbh-octa
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

If rate expectations keep driving the dollar, a firmer dollar weighs on dollar-denominated commodity prices and supports the currency-linked import costs faced by feed buyers abroad.

## Read by commodity

- DXY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-02-26 | [The one interest rate differential that is driving the US dollar \| ING THINK](https://feedsoft.ai/events/66696-the-one-interest-rate-differential-that-is-driving-the-us-dollar-ing-think.md) | +0.6% | -0.3% |
| DXY | 2024-07-10 | [Why the Fed cutting interest rates may weaken the U.S. dollar](https://feedsoft.ai/events/29459-why-the-fed-cutting-interest-rates-may-weaken-the-u-s-dollar.md) | -0.6% | +0.2% |
| DXY | 2017-03-29 | [US: Sharp rise in long interest rates to impact emerging market currencies - Natixis — Octa](https://feedsoft.ai/events/72189-us-sharp-rise-in-long-interest-rates-to-impact-emerging-market-currencies.md) | +0.5% | +0.1% |
| DXY | 2017-09-25 | [It's risky to go long on the dollar \| The National](https://feedsoft.ai/events/69151-it-s-risky-to-go-long-on-the-dollar-the-national.md) | +1.2% | +2.3% |
| DXY | 2019-03-06 | [Exchange & Interest Rate Forecasts For Euro, Dollar And Pound Sterling: ING](https://feedsoft.ai/events/60348-exchange-and-amp-interest-rate-forecasts-for-euro-dollar-and-pound-sterling-ing.md) | +0.1% | +0.3% |

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/405277/

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