# Dollar index dips, briefly hits 9-month high against yen

> The dollar index dipped after briefly hitting a nine-month high against the yen. The China-sensitive Australian dollar rose 0.32% to $0.6423. Worries about China's post-pandemic recovery had weighed on the currency earlier in the month.

- Date: 2023-08-28 · published 2023-08-28T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/34857-dollar-index-dips-briefly-hits-9-month-high-against-yen
- 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 softer dollar index tends to support dollar-priced commodities and improve import affordability for buyers in other currencies. The effect on feed markets is modest and mainly depends on broader trends.

## Read by commodity

- DXY: bearish ▼
- AUDUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-11-29 | [Yen hits six-week high, dollar dips for month-end](https://feedsoft.ai/events/27606-yen-hits-six-week-high-dollar-dips-for-month-end.md) | -0.3% | +1.3% |
| DXY | 2026-09-01 | [Sterling hits six-month high against fading dollar](https://feedsoft.ai/events/18143-sterling-hits-six-month-high-against-fading-dollar.md) | -0.6% | +2.1% |
| DXY | 2024-09-23 | [Bangkok Post - Baht at 19-month high against US dollar](https://feedsoft.ai/events/28597-bangkok-post-baht-at-19-month-high-against-us-dollar.md) | -0.2% | +2.5% |
| DXY | 2016-11-02 | [Sterling hits 2-week high against broadly weaker dollar](https://feedsoft.ai/events/74072-sterling-hits-2-week-high-against-broadly-weaker-dollar.md) | -0.6% | +3.2% |
| DXY | 2024-08-26 | [Thai baht hits 13-month high against dollar on economic hopes - Nikkei Asia](https://feedsoft.ai/events/29095-thai-baht-hits-13-month-high-against-dollar-on-economic-hopes-nikkei-asia.md) | +0.7% | -0.0% |

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/dollar-soft-investors-digest-higher-longer-path-2023-08-28/

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