# Dollar tanks the most in 10 months after Mnuchin says weak dollar is good

> The dollar index fell about 1% to near 89.25, its lowest since December 2014, after Treasury Secretary Mnuchin said a weak dollar is good for US trade. Markets awaited his clarification at Davos.

- Date: 2018-01-24 · published 2018-01-24T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/10401-dollar-tanks-the-most-in-10-months-after-mnuchin-says-weak-dollar-is-good
- 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 sharp dollar drop raises the dollar value of foreign-currency commodity purchases and supports US export competitiveness, a bullish factor for grain and meal 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 | Mnuchin's remark that a weak dollar is good for US trade triggered a roughly 1% drop in the dollar index on 2018-01-24, directly matching the move's timing and size (sentiment/currency). |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-01-24 | [Why the dollar is weak](https://feedsoft.ai/events/67171-why-the-dollar-is-weak.md) | -0.8% | -0.1% |
| DXY | 2026-07-29 | [Dollar Sinks Most in Two Weeks After Fed Holds Rates Steady \| Windsor Star](https://feedsoft.ai/events/18549-dollar-sinks-most-in-two-weeks-after-fed-holds-rates-steady-windsor-star.md) | -0.9% | -2.0% |
| DXY | 2019-02-18 | [SMU Currency Analysis: U.S. Dollar Weakens in the Last Three Months - Steel Market Update](https://feedsoft.ai/events/60770-smu-currency-analysis-u-s-dollar-weakens-in-the-last-three-months-steel-market.md) | -0.8% | -0.7% |
| DXY | 2019-10-31 | [Gold gains as dollar weakens after Fed's interest rate cut](https://feedsoft.ai/events/56483-gold-gains-as-dollar-weakens-after-fed-s-interest-rate-cut.md) | -0.1% | +0.8% |
| DXY | 2019-03-29 | [SMU Currency Analysis: Dollar Weakens in Last Three Months - Steel Market Update](https://feedsoft.ai/events/60264-smu-currency-analysis-dollar-weakens-in-last-three-months-steel-market-update.md) | -0.3% | +0.4% |
| CORN | 2018-01-24 | [Dollar extends rout, at three-year low after Mnuchin remarks; gold jumps \| Reuters](https://feedsoft.ai/events/10399-dollar-extends-rout-at-three-year-low-after-mnuchin-remarks-gold-jumps-reuters.md) | +1.0% | +1.6% |
| CORN | 2025-08-22 | [Canadian dollar rallies the most in three months as Fed’s Powell signals possible rate cut - The Globe and Mail](https://feedsoft.ai/events/23555-canadian-dollar-rallies-the-most-in-three-months-as-fed-s-powell-signals.md) | -0.6% | +7.6% |
| CORN | 2019-01-30 | [U.S. Dollar Dives after Federal Reserve Moves to the Sidelines](https://feedsoft.ai/events/61290-u-s-dollar-dives-after-federal-reserve-moves-to-the-sidelines.md) | +0.2% | -0.3% |

## Sources

- cnbc.com: https://www.cnbc.com/2018/01/24/dollar-tanks-the-most-in-10-months-after-mnuchin-says-weak-dollar-is-good.html

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