# Brexit becomes a Dog's Breakfast as Dollar's Correction Continues

> The Dollar Index fell the most in three months and extended losses, while global equities rose. Investor sentiment improved on hopes for Hong Kong stability, planned in-person US-China talks, and a likely averted no-deal Brexit.

- Date: 2019-09-05 · published 2019-09-05T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/12336-brexit-becomes-a-dog-s-breakfast-as-dollar-s-correction-continues
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A weaker dollar and improved trade sentiment support dollar-priced commodities and the outlook for US agricultural exports to China. Reduced trade tension lowers the risk of tariff-driven demand disruption.

## Read by commodity

- DXY: bearish ▼
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-07-31 | [Oil surges as dollar continues slide against the yen \| EconomyNext](https://feedsoft.ai/events/70214-oil-surges-as-dollar-continues-slide-against-the-yen-economynext.md) | +0.3% | -0.5% |
| DXY | 2022-03-31 | [Ringgit continues upward momentum against US dollar](https://feedsoft.ai/events/42530-ringgit-continues-upward-momentum-against-us-dollar.md) | +0.8% | +3.8% |
| DXY | 2021-02-18 | [Current US dollar rally is a bear market correction – ING — Octa](https://feedsoft.ai/events/48820-current-us-dollar-rally-is-a-bear-market-correction-ing-octa.md) | -0.3% | +1.0% |
| 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 | 2017-06-29 | [Rand extends gains as dollar selling continues - Moneyweb](https://feedsoft.ai/events/70775-rand-extends-gains-as-dollar-selling-continues-moneyweb.md) | +0.3% | -1.7% |
| SOY | 2020-10-22 | [Goldman Sachs: Commodities bull market ahead on dollar, inflation risk](https://feedsoft.ai/events/50555-goldman-sachs-commodities-bull-market-ahead-on-dollar-inflation-risk.md) | -1.4% | +9.7% |
| SOY | 2017-09-29 | [Can the US dollar make a comeback? \| South China Morning Post](https://feedsoft.ai/events/69153-can-the-us-dollar-make-a-comeback-south-china-morning-post.md) | +0.9% | +1.2% |
| SOY | 2023-03-28 | [U.S. Dollar Weakens Against Basket of Peers as Banking Crisis Concerns Ease \| FXEmpire](https://feedsoft.ai/events/37057-u-s-dollar-weakens-against-basket-of-peers-as-banking-crisis-concerns-ease.md) | +5.5% | +0.2% |

## Sources

- nasdaq.com: https://www.nasdaq.com/articles/brexit-becomes-a-dogs-breakfast-as-dollars-correction-continues-2019-09-05

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