# Dollar dips after Trump comments as markets eye tariffs, central banks | Reuters

> The dollar was modestly lower on Thursday in a choppy session after Trump called for lower global interest rates without clarifying tariff plans. Investors awaited policy decisions from global central banks, and the dollar was down more than 1% on the week after tariffs failed to materialise.

- Date: 2025-01-23 · published 2025-01-23T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/12674-dollar-dips-after-trump-comments-as-markets-eye-tariffs-central-banks-reuters
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Uncertainty over tariffs and rate policy keeps currency swings elevated, which feeds into export pricing for feed commodities. Lower rate expectations would weaken the dollar and support commodity prices.

## Read by commodity

- DXY: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| DXY | 2025-01-24 | 5 | -1.5% | -2.8 | The dollar was lower on Jan 23 after Trump called for lower global interest rates and tariffs failed to materialise, adding to the weekly decline through rate-differential and sentiment effects. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-10-19 | [Dollar dips on dovish Powell comments \| Reuters](https://feedsoft.ai/events/33814-dollar-dips-on-dovish-powell-comments-reuters.md) | -0.0% | -2.1% |
| DXY | 2025-01-06 | [Dollar down in choppy trade on Trump tariff confusion \| Reuters](https://feedsoft.ai/events/26719-dollar-down-in-choppy-trade-on-trump-tariff-confusion-reuters.md) | +0.3% | -0.3% |
| DXY | 2018-07-20 | [Dollar sees biggest one-day drop in 3 weeks after Trump comments](https://feedsoft.ai/events/64217-dollar-sees-biggest-one-day-drop-in-3-weeks-after-trump-comments.md) | -0.9% | +0.6% |
| DXY | 2019-06-19 | [Dollar Drops on Fed Comments -- Market Talk - WSJ](https://feedsoft.ai/events/7437-dollar-drops-on-fed-comments-market-talk-wsj.md) | -1.1% | -0.9% |
| DXY | 2024-02-07 | [Dollar slips as market awaits new data for direction \| Reuters](https://feedsoft.ai/events/31885-dollar-slips-as-market-awaits-new-data-for-direction-reuters.md) | +0.5% | -0.4% |

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/dollar-treads-water-trump-tariff-clarity-central-banks-awaited-2025-01-23/

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