# Floundering dollar falls to bottom of global currency heap

> The U.S. dollar slid to the bottom of the global currency ranking. Investors pointed to the Federal Reserve's stance of keeping bond purchases going even as inflation rises.

- Date: 2021-05-25 · published 2021-05-25T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/47282-floundering-dollar-falls-to-bottom-of-global-currency-heap
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Quantitative easing seen as printing dollars and rising inflation eroding purchasing power weaken the dollar, which tends to lift dollar-denominated feed commodity prices for importers.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-04-13 | [Dollar falls broadly after Trump says currency getting too strong \| Amwal Al Ghad](https://feedsoft.ai/events/71684-dollar-falls-broadly-after-trump-says-currency-getting-too-strong-amwal-al-ghad.md) | -0.1% | +0.2% |
| DXY | 2018-07-23 | [Dollar falls broadly on Trump’s currency comments - Moneyweb](https://feedsoft.ai/events/64215-dollar-falls-broadly-on-trump-s-currency-comments-moneyweb.md) | -0.4% | +1.1% |
| DXY | 2018-01-26 | [In Global Currency Game, China Is Losing to U.S.](https://feedsoft.ai/events/11863-in-global-currency-game-china-is-losing-to-u-s.md) | -0.0% | +1.1% |
| DXY | 2020-08-28 | [Euro (EUR USD) Revives Global Challenge for the Dollar’s Currency Crown - Bloomberg](https://feedsoft.ai/events/51823-euro-eur-usd-revives-global-challenge-for-the-dollar-s-currency-crown-bloomberg.md) | -0.5% | +1.0% |
| DXY | 2020-11-30 | [Dollar’s slump thrusts currency peers to brink of new highs - Moneyweb](https://feedsoft.ai/events/50372-dollar-s-slump-thrusts-currency-peers-to-brink-of-new-highs-moneyweb.md) | -1.2% | -1.5% |

## Sources

- reuters.com: https://www.reuters.com/business/floundering-dollar-falls-bottom-global-currency-heap-2021-05-25/

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