# More weakness seen as dollar posts worst year since 2017

> The U.S. dollar posted its worst year since 2017 as COVID-19 vaccine rollouts improved the global economic outlook. Near-zero U.S. interest rates and ongoing Fed bond purchases also weighed on the currency. Analysts expected the dollar to remain under pressure.

- Date: 2020-12-31 · published 2020-12-31T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/49567-more-weakness-seen-as-dollar-posts-worst-year-since-2017
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker dollar makes dollar-priced commodities cheaper for foreign buyers, which tends to support export demand and firm feed ingredient prices.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-07-31 | [More dollar weakness ahead?](https://feedsoft.ai/events/70152-more-dollar-weakness-ahead.md) | +0.3% | -0.5% |
| DXY | 2023-12-29 | [Dollar sees first yearly loss since 2020](https://feedsoft.ai/events/32898-dollar-sees-first-yearly-loss-since-2020.md) | +0.8% | +2.1% |
| DXY | 2025-06-30 | [The Dollar Has Its Worst Start to a Year Since 1973](https://feedsoft.ai/events/24416-the-dollar-has-its-worst-start-to-a-year-since-1973.md) | -0.0% | +0.8% |
| 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 | 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) | -1.1% | -3.1% |

## Sources

- reuters.com: https://www.reuters.com/article/business/more-weakness-seen-as-dollar-posts-worst-year-since-2017-idUSKBN29501T/

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