# Dollar set for biggest two-day fall since 2009 as rate outlook shifts

> The dollar index fell nearly 1.7% and posted its biggest two-day decline since March 2009 after October consumer inflation came in at 7.7% year-on-year, below forecasts. Risk assets including commodities rallied as Chinese authorities eased some COVID restrictions.

- Date: 2022-11-11 · published 2022-11-11T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/38843-dollar-set-for-biggest-two-day-fall-since-2009-as-rate-outlook-shifts
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A sharp dollar drop and risk-on rally typically lift dollar-priced grains, oilseeds and meal, with the cooler inflation reading reducing the odds of aggressive Fed hikes.

## Read by commodity

- DXY: bearish ▼
- SOY: bullish ▲
- CORN: bullish ▲
- EURUSD: 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 | 2020-07-06 | [Risk-on move dents dollar; yuan set for best day since December](https://feedsoft.ai/events/9734-risk-on-move-dents-dollar-yuan-set-for-best-day-since-december.md) | -0.4% | -2.2% |
| DXY | 2022-11-11 | [U.S. Dollar Extends Tumble After Biggest Daily Loss Since 2009](https://feedsoft.ai/events/7565-u-s-dollar-extends-tumble-after-biggest-daily-loss-since-2009.md) | -0.7% | -1.6% |
| DXY | 2025-11-28 | [US dollar set for worst week since July as Fed rate cut looms \| Reuters](https://feedsoft.ai/events/22142-us-dollar-set-for-worst-week-since-july-as-fed-rate-cut-looms-reuters.md) | -0.5% | -1.5% |
| DXY | 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) | -0.0% | +1.1% |
| EURUSD | 2023-12-22 | [Euro (EUR USD) Hits Strongest Since August as Dollar Eases on US Rate Bets - Bloomberg](https://feedsoft.ai/events/32927-euro-eur-usd-hits-strongest-since-august-as-dollar-eases-on-us-rate-bets.md) | +0.7% | -1.5% |
| EURUSD | 2024-09-05 | [Investor bets shift as dollar weakens with looming Fed rate cuts](https://feedsoft.ai/events/28220-investor-bets-shift-as-dollar-weakens-with-looming-fed-rate-cuts.md) | -0.6% | -0.3% |
| EURUSD | 2017-12-29 | [Dollar falls to end worst year since 2003, bitcoin soars](https://feedsoft.ai/events/67391-dollar-falls-to-end-worst-year-since-2003-bitcoin-soars.md) | +0.7% | +3.3% |

## Sources

- cnbc.com: https://www.cnbc.com/2022/11/11/dollar-dives-investors-cheer-after-us-inflation-misses-forecasts.html

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