# U.S. Dollar Weakens Against Basket of Peers as Banking Crisis Concerns Ease | FXEmpire

> The US dollar weakened against a basket of peer currencies as concerns about a full-scale banking crisis eased and safe-haven demand declined. The yen rebounded on Japanese fiscal year-end flows.

- Date: 2023-03-28 · published 2023-03-28T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/37057-u-s-dollar-weakens-against-basket-of-peers-as-banking-crisis-concerns-ease
- 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

Easing banking stress reduces safe-haven dollar demand, which can modestly support dollar-priced grain and meal prices and US export competitiveness.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-02-28 | [Baht gains more ground, as US dollar weakens](https://feedsoft.ai/events/54839-baht-gains-more-ground-as-us-dollar-weakens.md) | -0.5% | +4.3% |
| DXY | 2018-01-24 | [Draghi concerned at euro's rise against dollar \| AGENCE EUROPE](https://feedsoft.ai/events/67188-draghi-concerned-at-euro-s-rise-against-dollar-agence-europe.md) | -0.8% | -0.1% |
| DXY | 2026-09-01 | [Gold climbs on weaker dollar, easing Fed rate hike concerns](https://feedsoft.ai/events/17807-gold-climbs-on-weaker-dollar-easing-fed-rate-hike-concerns.md) | -0.6% | +2.1% |
| DXY | 2025-05-05 | [Dollar weakens against major currencies as markets weigh tariff uncertainty](https://feedsoft.ai/events/9622-dollar-weakens-against-major-currencies-as-markets-weigh-tariff-uncertainty.md) | +0.0% | -1.1% |
| DXY | 2018-12-04 | [Brazil stocks gain; real firms as U.S. dollar weakens](https://feedsoft.ai/events/61764-brazil-stocks-gain-real-firms-as-u-s-dollar-weakens.md) | +0.7% | -0.4% |
| CORN | 2021-02-24 | [Fed Chair Powell's Dovish Testimony Weakens Dollar Against Pound & Commodities](https://feedsoft.ai/events/48542-fed-chair-powell-and-039-s-dovish-testimony-weakens-dollar-against-pound-and.md) | +0.7% | +5.4% |
| CORN | 2022-03-23 | [US Dollar Index:  Strong Over 98.595, Weak Under 98.200 \| FXEmpire](https://feedsoft.ai/events/42440-us-dollar-index-strong-over-98-595-weak-under-98-200-fxempire.md) | +1.2% | +9.9% |
| CORN | 2025-09-16 | [U.S. grains: Corn, soy, wheat futures rise as dollar sags; crop yields eyed - Grainews](https://feedsoft.ai/events/6851-u-s-grains-corn-soy-wheat-futures-rise-as-dollar-sags-crop-yields-eyed-grainews.md) | -0.3% | -2.6% |

## Sources

- fxempire.com: https://www.fxempire.com/forecasts/article/u-s-dollar-weakens-against-basket-of-peers-as-banking-crisis-concerns-ease-1322077

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