# The Greenback Falls on Lower Bond Yields - Desjardins

> Desjardins reports that the US dollar has weakened in recent weeks as US bond yields fell from roughly 4.8-5.0% to about 4.4%. The euro and pound have strengthened, and the Canadian dollar gained about 2% in November.

- Date: 2023-11-29 · published 2023-11-29T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/33403-the-greenback-falls-on-lower-bond-yields-desjardins
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A weaker US dollar makes US commodity exports cheaper for foreign buyers and supports dollar-denominated grain and oilseed prices. It also shifts currency-driven competitiveness among exporters.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2018-10-18 | [Rising U.S. bond yields pose risks to greenback - The Globe and Mail](https://feedsoft.ai/events/62718-rising-u-s-bond-yields-pose-risks-to-greenback-the-globe-and-mail.md) | +1.1% | +1.9% |
| DXY | 2021-04-28 | [U.S. growth, deficits to push greenback lower, real yields to support - The Globe and Mail](https://feedsoft.ai/events/47792-u-s-growth-deficits-to-push-greenback-lower-real-yields-to-support-the-globe.md) | +0.3% | -1.0% |
| DXY | 2020-11-26 | [U.S. Dollar On Glide Path Lower as Fed Seen Eyeing Long-term Bond Yields](https://feedsoft.ai/events/50330-u-s-dollar-on-glide-path-lower-as-fed-seen-eyeing-long-term-bond-yields.md) | -1.2% | -1.5% |
| DXY | 2025-04-22 | [US dollar: Why should I care if the greenback falls?](https://feedsoft.ai/events/25330-us-dollar-why-should-i-care-if-the-greenback-falls.md) | +0.3% | +0.1% |
| EURUSD | 2026-08-21 | [Dollar falls to three-month low on Treasury buyback worries \| Reuters](https://feedsoft.ai/events/18084-dollar-falls-to-three-month-low-on-treasury-buyback-worries-reuters.md) | -0.2% | -1.8% |
| EURUSD | 2022-05-23 | [Dollar Vs. Euro: Greenback Hits One-Month Low As ECB Eyes Rate Hikes - Markets Insider](https://feedsoft.ai/events/41613-dollar-vs-euro-greenback-hits-one-month-low-as-ecb-eyes-rate-hikes-markets.md) | +1.4% | -0.1% |
| EURUSD | 2022-11-02 | [US dollar falls broadly after the Fed hints at a slower pace of rate hikes](https://feedsoft.ai/events/38845-us-dollar-falls-broadly-after-the-fed-hints-at-a-slower-pace-of-rate-hikes.md) | +2.2% | +6.4% |

## Sources

- desjardins.com: https://www.desjardins.com/en/savings-investment/economic-studies/fx-forecasts-november-2023.html

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