# Dollar retreats on weak US Retail Sales, bond yields slump

> The dollar retreated after January US retail sales fell 0.8%, signaling a sharp drop in consumer spending. The 10-year Treasury yield fell 7 basis points to 4.24%, and the Australian dollar rebounded to 0.6521 as the greenback weakened.

- Date: 2024-02-16 · published 2024-02-16T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/31933-dollar-retreats-on-weak-us-retail-sales-bond-yields-slump
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A weaker dollar and lower US yields support dollar-priced commodities such as grains and oilseeds, and make US exports more affordable for foreign buyers.

## Read by commodity

- DXY: bearish ▼
- AUDUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-11-28 | [Dollar weakens as U.S. bond yields drop](https://feedsoft.ai/events/38899-dollar-weakens-as-u-s-bond-yields-drop.md) | -1.1% | -1.1% |
| DXY | 2018-10-11 | [Dollar slips on stock losses, lower bond yields](https://feedsoft.ai/events/62715-dollar-slips-on-stock-losses-lower-bond-yields.md) | -0.4% | +0.6% |
| DXY | 2025-02-24 | [South Korean Won Rises on Weak US Dollar](https://feedsoft.ai/events/26307-south-korean-won-rises-on-weak-us-dollar.md) | +0.9% | -0.7% |
| DXY | 2024-05-31 | [Dollar Drops as Bond Yields Fall on Hopeful US Inflation Report](https://feedsoft.ai/events/30468-dollar-drops-as-bond-yields-fall-on-hopeful-us-inflation-report.md) | +0.3% | +1.8% |
| DXY | 2018-02-19 | [US Bond Yields Are the Cause of Dollar Weakness: Deutsche Bank - WSJ](https://feedsoft.ai/events/66697-us-bond-yields-are-the-cause-of-dollar-weakness-deutsche-bank-wsj.md) | +0.7% | +1.4% |

## Sources

- fxstreet.com: https://www.fxstreet.com/analysis/dollar-retreats-on-weak-us-retail-sales-bond-yields-slump-202402160339

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