# Dollar retreats, headed for biggest weekly loss since mid-January; bitcoin down

> The US dollar slid from a 2-1/2-month high against the yen and was on track for its largest weekly loss since mid-January. Traders were reassessing the Federal Reserve's policy path.

- Date: 2023-03-03 · published 2023-03-03T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/37053-dollar-retreats-headed-for-biggest-weekly-loss-since-mid-january-bitcoin-down
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Dollar weakness modestly supports US grain and oilseed export competitiveness and dollar-denominated commodity prices, though the effect on feed prices is usually small.

## Read by commodity

- DXY: bearish ▼
- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-03-27 | [Dollar posts biggest weekly fall since 2009](https://feedsoft.ai/events/6582-dollar-posts-biggest-weekly-fall-since-2009.md) | +0.9% | +1.1% |
| DXY | 2025-11-27 | [Dollar set for biggest weekly fall in four months, Fed in focus \| Reuters](https://feedsoft.ai/events/22186-dollar-set-for-biggest-weekly-fall-in-four-months-fed-in-focus-reuters.md) | -0.5% | -1.5% |
| DXY | 2023-11-28 | [US dollar skids to 3-1/2-month low, headed for biggest monthly drop in a year](https://feedsoft.ai/events/33361-us-dollar-skids-to-3-1-2-month-low-headed-for-biggest-monthly-drop-in-a-year.md) | +0.2% | -1.1% |
| DXY | 2017-01-18 | [Loonie in Hottest Streak Since 1970 as U.S. Dollar Retreats - Bloomberg](https://feedsoft.ai/events/73232-loonie-in-hottest-streak-since-1970-as-u-s-dollar-retreats-bloomberg.md) | -0.3% | -0.9% |
| DXY | 2023-03-30 | [Sterling set for biggest monthly gain vs dollar since November](https://feedsoft.ai/events/37118-sterling-set-for-biggest-monthly-gain-vs-dollar-since-november.md) | -0.4% | -0.3% |
| CORN | 2022-11-11 | [Dollar set for biggest two-day fall since 2009 as rate outlook shifts](https://feedsoft.ai/events/38843-dollar-set-for-biggest-two-day-fall-since-2009-as-rate-outlook-shifts.md) | +3.0% | -3.8% |
| CORN | 2018-01-26 | [Dollar falls, set for biggest monthly drop in nearly 2 years](https://feedsoft.ai/events/10400-dollar-falls-set-for-biggest-monthly-drop-in-nearly-2-years.md) | +0.3% | +1.2% |
| CORN | 2017-03-31 | [Mexican peso logs biggest quarterly gain since 1977](https://feedsoft.ai/events/72209-mexican-peso-logs-biggest-quarterly-gain-since-1977.md) | +0.4% | +0.3% |

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/dollar-eases-toward-first-weekly-loss-since-january-traders-weigh-fed-path-2023-03-03/

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