# Dollar falls, set for biggest monthly drop in nearly 2 years

> The dollar fell more than 0.5% against a basket of currencies on Friday, on track for its biggest monthly drop since March 2016. Comments from senior US officials backing a weak dollar drove the decline.

- Date: 2018-01-26 · published 2018-01-26T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/10400-dollar-falls-set-for-biggest-monthly-drop-in-nearly-2-years
- 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 sustained dollar decline makes US commodities cheaper for importers, which can support export demand and futures prices for grains and oilseeds.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-11-28 | [US dollar skids to 3-1/2-month low, headed for biggest monthly drop in a year](https://feedsoft.ai/events/33361-us-dollar-skids-to-3-1-2-month-low-headed-for-biggest-monthly-drop-in-a-year.md) | +0.2% | -1.1% |
| DXY | 2025-11-27 | [Dollar set for biggest weekly fall in four months, Fed in focus \| Reuters](https://feedsoft.ai/events/22186-dollar-set-for-biggest-weekly-fall-in-four-months-fed-in-focus-reuters.md) | -0.5% | -1.5% |
| DXY | 2023-11-30 | [US dollar gains but set for worst monthly loss in a year, euro falls](https://feedsoft.ai/events/33379-us-dollar-gains-but-set-for-worst-monthly-loss-in-a-year-euro-falls.md) | +0.6% | -1.2% |
| DXY | 2023-03-30 | [Sterling set for biggest monthly gain vs dollar since November](https://feedsoft.ai/events/37118-sterling-set-for-biggest-monthly-gain-vs-dollar-since-november.md) | -0.4% | -0.3% |
| DXY | 2019-06-20 | [Forex Market: Dovish Fed spurs dollar's biggest two-day drop in a year](https://feedsoft.ai/events/7434-forex-market-dovish-fed-spurs-dollar-s-biggest-two-day-drop-in-a-year.md) | -1.1% | -0.8% |
| CORN | 2022-11-11 | [Dollar set for biggest two-day fall since 2009 as rate outlook shifts](https://feedsoft.ai/events/38843-dollar-set-for-biggest-two-day-fall-since-2009-as-rate-outlook-shifts.md) | +3.0% | -3.8% |
| CORN | 2023-03-03 | [Dollar retreats, headed for biggest weekly loss since mid-January; bitcoin down](https://feedsoft.ai/events/37053-dollar-retreats-headed-for-biggest-weekly-loss-since-mid-january-bitcoin-down.md) | -1.1% | +0.8% |
| CORN | 2018-01-02 | [Dollar falls to more than 3-month low on first trading day of 2018](https://feedsoft.ai/events/67214-dollar-falls-to-more-than-3-month-low-on-first-trading-day-of-2018.md) | -0.6% | +2.0% |

## Sources

- reuters.com: https://www.reuters.com/article/global-forex/forex-dollar-falls-set-for-biggest-monthly-drop-in-nearly-2-years-idUKL4N1PL3YS/

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