# US Dollar's worst month since 2023: DXY faces make-or-break moment at 104.00

> The DXY is on track for its worst monthly performance since December 2023, down from a January high of 110.00 to a recent low of 102.84, a slide of about 7.2% year to date. Softer inflation, dovish Fed signals and central bank divergence have weighed on the greenback. The index was trading near 103.80 at the time of writing.

- Date: 2025-03-26 · published 2025-03-26T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/25778-us-dollar-s-worst-month-since-2023-dxy-faces-make-or-break-moment-at-104-00
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker dollar lifts dollar-denominated US grain and meal prices and supports export demand, while lowering import costs for buyers paying in local currencies.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-07-14 | [US Dollar Faces Worst Weekly Decline Since November Amid Disinflation Concerns](https://feedsoft.ai/events/9983-us-dollar-faces-worst-weekly-decline-since-november-amid-disinflation-concerns.md) | +0.4% | +1.7% |
| DXY | 2020-12-31 | [More weakness seen as dollar posts worst year since 2017](https://feedsoft.ai/events/49567-more-weakness-seen-as-dollar-posts-worst-year-since-2017.md) | -0.0% | +1.0% |
| DXY | 2020-08-01 | [U.S. Dollar Suffers Its Worst Month in a Decade](https://feedsoft.ai/events/52347-u-s-dollar-suffers-its-worst-month-in-a-decade.md) | +0.4% | -1.1% |
| 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 | 2025-04-30 | [Mexican Peso Clocks Best Month Since 2021 on Dollar Weakness - Bloomberg](https://feedsoft.ai/events/25341-mexican-peso-clocks-best-month-since-2021-on-dollar-weakness-bloomberg.md) | -0.5% | -0.5% |

## Sources

- fxstreet.com: https://www.fxstreet.com/analysis/us-dollars-worst-month-since-2023-dxy-faces-make-or-break-moment-at-10400-202503260908

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