# US dollar strength likely to wane a bit further in 2024 | Capital Economics

> Capital Economics expects the US dollar to ease gradually through 2024 as the FOMC shifts toward easing and Treasury yields fall. The firm argues the greenback will still hold up better than most forecasts because of US economic outperformance and AI-driven equity strength.

- Date: 2023-12-13 · published 2023-12-13T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/8717-us-dollar-strength-likely-to-wane-a-bit-further-in-2024-capital-economics
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A forecast of a gradually weaker dollar points to mild support for USD-priced feed commodities, though the view is an outlook rather than a new shock.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-02-21 | [US: Weaker dollar is here to stay – Capital Economics — Octa](https://feedsoft.ai/events/66699-us-weaker-dollar-is-here-to-stay-capital-economics-octa.md) | +0.5% | +0.3% |
| DXY | 2021-08-27 | [Dollar depreciation unlikely to last \| Capital Economics](https://feedsoft.ai/events/45478-dollar-depreciation-unlikely-to-last-capital-economics.md) | -0.9% | -0.0% |
| DXY | 2023-04-14 | [Ringgit continues to strengthen vs US dollar](https://feedsoft.ai/events/36680-ringgit-continues-to-strengthen-vs-us-dollar.md) | +0.6% | +0.5% |
| DXY | 2021-07-30 | [US Dollar To Yen Likely To Be Capped Near 110 Say MUFG](https://feedsoft.ai/events/46300-us-dollar-to-yen-likely-to-be-capped-near-110-say-mufg.md) | +0.3% | +1.2% |
| DXY | 2024-06-28 | [Australian Dollar strengthens further following US PCE figures — Octa](https://feedsoft.ai/events/30055-australian-dollar-strengthens-further-following-us-pce-figures-octa.md) | -0.7% | -0.5% |

## Sources

- capitaleconomics.com: https://www.capitaleconomics.com/publications/fx-markets-outlook/us-dollar-strength-likely-wane-bit-further-2024

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