# Dollar down against major currencies - Business & Finance - Business Recorder

> The dollar edged lower against major currencies after stronger-than-expected ADP private payrolls and a 2.8% third-quarter GDP reading. Traders awaited the nonfarm payrolls report and clues on Fed policy.

- Date: 2024-10-31 · published 2024-10-31T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/28051-dollar-down-against-major-currencies-business-and-finance-business-recorder
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A softer dollar modestly eases import costs for buyers of US feed commodities, though the move was small and dependent on upcoming jobs data.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-04-30 | [Dollar steadies in Europe - Business & Finance - Business Recorder](https://feedsoft.ai/events/47821-dollar-steadies-in-europe-business-and-finance-business-recorder.md) | +0.1% | -0.8% |
| DXY | 2024-03-01 | [Asian currencies tepid after soft US inflation - Business & Finance - Business Recorder](https://feedsoft.ai/events/31485-asian-currencies-tepid-after-soft-us-inflation-business-and-finance-business.md) | -0.8% | -0.1% |
| DXY | 2021-08-30 | [Most Asian currencies firm as waning taper fears pressure US dollar - Markets - Business Recorder](https://feedsoft.ai/events/45811-most-asian-currencies-firm-as-waning-taper-fears-pressure-us-dollar-markets.md) | -0.7% | +0.4% |
| DXY | 2020-06-11 | [Fed's gloomy outlook steadies dollar slide, for now - Business & Finance - Business Recorder](https://feedsoft.ai/events/52806-fed-s-gloomy-outlook-steadies-dollar-slide-for-now-business-and-finance.md) | +1.2% | +0.8% |
| DXY | 2018-01-31 | [Silent correction in rupee, even as dollar weakens against major currencies \| Money & Forex Markets - Business Standard](https://feedsoft.ai/events/67255-silent-correction-in-rupee-even-as-dollar-weakens-against-major-currencies.md) | +0.4% | +1.2% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40329865

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