# USD: Broad-based decline - AmpGFX — Octa

> Analyst commentary says the USD decline looks broad-based, with the two largest non-dollar majors and emerging market currencies rising against the dollar. A weaker USD is also contributing to higher commodity prices.

- Date: 2018-01-24 · published 2018-01-24T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/10404-usd-broad-based-decline-ampgfx-octa
- 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 broad dollar decline supports commodity prices and commodity-driven currencies, which lifts the cost-competitiveness of US feed exports.

## 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 | Same-day analyst commentary confirms the decline was broad-based across majors and EM currencies, which supports the cause but adds little as an independent driver. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-08-31 | [EUR/USD: The broad trend is to the upside — Octa](https://feedsoft.ai/events/51829-eur-usd-the-broad-trend-is-to-the-upside-octa.md) | +0.1% | +1.4% |
| DXY | 2017-06-29 | [CNY rally on the back of broad USD depreciation - Westpac — Octa](https://feedsoft.ai/events/11185-cny-rally-on-the-back-of-broad-usd-depreciation-westpac-octa.md) | +0.3% | -1.7% |
| DXY | 2019-12-05 | [USD: A different kind of decline \| articles \| ING THINK](https://feedsoft.ai/events/55761-usd-a-different-kind-of-decline-articles-ing-think.md) | -0.5% | -1.5% |
| DXY | 2022-07-29 | [USD/CAD sees a decisive move below 1.2800, US PCE and Canada GDP eyed — Octa](https://feedsoft.ai/events/40718-usd-cad-sees-a-decisive-move-below-1-2800-us-pce-and-canada-gdp-eyed-octa.md) | -0.2% | +0.8% |
| DXY | 2017-07-31 | [USD: Tide of sentiment has turned against the dollar – BBH — Octa](https://feedsoft.ai/events/70150-usd-tide-of-sentiment-has-turned-against-the-dollar-bbh-octa.md) | +0.3% | -0.5% |
| CORN | 2017-07-31 | [USD: Tide of sentiment has turned against the dollar – BBH — Octa](https://feedsoft.ai/events/70150-usd-tide-of-sentiment-has-turned-against-the-dollar-bbh-octa.md) | -1.3% | -8.0% |
| CORN | 2023-03-21 | [Dollar, Sterling Fall Ahead Of Fed, BoE Meetings Amid Banking Stress](https://feedsoft.ai/events/37061-dollar-sterling-fall-ahead-of-fed-boe-meetings-amid-banking-stress.md) | +1.5% | +1.4% |
| CORN | 2026-01-28 | [AUD/USD Outlook: US Dollar Unwind Hands the Baton to Australia CPI \| Investing.com](https://feedsoft.ai/events/21320-aud-usd-outlook-us-dollar-unwind-hands-the-baton-to-australia-cpi-investing-com.md) | +0.2% | +0.0% |

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/533039/

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