# Dollar extends rout, at three-year low after Mnuchin remarks; gold jumps | Reuters

> The US dollar fell to a three-year low after Treasury Secretary Steven Mnuchin's remarks, and gold prices jumped. The article text is largely navigation boilerplate, so details are limited.

- Date: 2018-01-24 · published 2018-01-24T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/10399-dollar-extends-rout-at-three-year-low-after-mnuchin-remarks-gold-jumps-reuters
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A weaker dollar tends to support dollar-priced commodities, making US feed grains and oilseeds cheaper for foreign buyers and lifting futures prices.

## Read by commodity

- DXY: bearish ▼
- SOY: bullish ▲
- CORN: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| DXY | 2018-01-24 | 1 | -0.8% | -3.4 | Reuters reports the dollar hit a three-year low on 2018-01-24 after Mnuchin's comments, the same day and cause as the move. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-02-01 | [Stocks rally, dollar slumps after Fed statement, Powell remarks \| Reuters](https://feedsoft.ai/events/37526-stocks-rally-dollar-slumps-after-fed-statement-powell-remarks-reuters.md) | +1.1% | +1.4% |
| DXY | 2020-08-28 | [Dollar extends losses; yen hits new highs after Abe resignation](https://feedsoft.ai/events/51845-dollar-extends-losses-yen-hits-new-highs-after-abe-resignation.md) | -0.5% | +1.0% |
| DXY | 2017-06-30 | [U.S. dollar net longs fall to lowest in about a year: CFTC, Reuters](https://feedsoft.ai/events/70701-u-s-dollar-net-longs-fall-to-lowest-in-about-a-year-cftc-reuters.md) | +0.3% | -1.9% |
| DXY | 2024-08-01 | [Gold extends record rally on Fed rate-cut bets, softer dollar](https://feedsoft.ai/events/29144-gold-extends-record-rally-on-fed-rate-cut-bets-softer-dollar.md) | -0.1% | -1.4% |
| DXY | 2026-01-27 | [Dollar sinks to four-year low, Trump brushes off the decline \| Reuters](https://feedsoft.ai/events/10159-dollar-sinks-to-four-year-low-trump-brushes-off-the-decline-reuters.md) | +0.3% | -0.1% |
| CORN | 2018-01-24 | [Dollar tanks the most in 10 months after Mnuchin says weak dollar is good](https://feedsoft.ai/events/10401-dollar-tanks-the-most-in-10-months-after-mnuchin-says-weak-dollar-is-good.md) | +1.0% | +1.6% |
| CORN | 2023-11-03 | [Stocks jump, dollar and yields drop after US jobs market softens](https://feedsoft.ai/events/11458-stocks-jump-dollar-and-yields-drop-after-us-jobs-market-softens.md) | +1.0% | -1.0% |
| CORN | 2023-11-03 | [US dollar tumbles to six-week low after soft jobs data](https://feedsoft.ai/events/11456-us-dollar-tumbles-to-six-week-low-after-soft-jobs-data.md) | +1.0% | -1.0% |

## Sources

- reuters.com: https://www.reuters.com/article/us-global-markets/dollar-slides-on-u-s-mnuchin-remarks-booming-europe-idUSKBN1FD03M/

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