# Why is the US dollar losing its shine?

> The article says inflation is cooling and the Federal Reserve appears near the end of its rate-hiking cycle, which helped push the US Dollar Index lower the previous week. The excerpt is truncated.

- Date: 2023-07-28 · published 2023-07-28T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/35220-why-is-the-us-dollar-losing-its-shine
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker dollar on expectations of an end to Fed hikes tends to support dollar-priced commodities and can improve export demand for US feed ingredients.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-01-24 | [Why the dollar is weak](https://feedsoft.ai/events/67171-why-the-dollar-is-weak.md) | -0.8% | -0.1% |
| DXY | 2020-07-29 | [Is the US dollar losing its clout as the world's reserve currency?](https://feedsoft.ai/events/52391-is-the-us-dollar-losing-its-clout-as-the-world-s-reserve-currency.md) | +0.4% | -0.4% |
| DXY | 2023-11-29 | [The Australian dollar is surging. Here’s why](https://feedsoft.ai/events/33404-the-australian-dollar-is-surging-here-s-why.md) | +1.0% | -0.9% |
| DXY | 2020-12-01 | [Why the U.S. dollar is trading at a 2 1/2-year low - MarketWatch](https://feedsoft.ai/events/49845-why-the-u-s-dollar-is-trading-at-a-2-1-2-year-low-marketwatch.md) | -1.2% | -1.7% |
| DXY | 2021-02-25 | [Why the U.S. Dollar Is More Robust Than It Looks - Bloomberg](https://feedsoft.ai/events/10599-why-the-u-s-dollar-is-more-robust-than-it-looks-bloomberg.md) | +0.9% | +1.7% |

## Sources

- edition.cnn.com: https://edition.cnn.com/2023/07/28/business/premarket-stocks-trading-dollar-decline/index.html

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