# Why the U.S. dollar is trading at a 2 1/2-year low - MarketWatch

> The ICE dollar index fell 0.6% to 91.32 on December 1, its lowest since April 2018, as the euro rallied about 1% to $1.2055. Analysts described the move as a decisive break that suggests a long-term dollar downtrend.

- Date: 2020-12-01 · published 2020-12-01T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/49845-why-the-u-s-dollar-is-trading-at-a-2-1-2-year-low-marketwatch
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A weaker dollar tends to support dollar-priced commodities such as corn, soybeans and wheat by making them cheaper for overseas buyers.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-12-15 | [Here’s what’s threatening the dollar in 2018 - MarketWatch](https://feedsoft.ai/events/67696-here-s-what-s-threatening-the-dollar-in-2018-marketwatch.md) | -0.2% | -2.5% |
| DXY | 2017-07-31 | [Euro charges to 2 1/2-year high as dollar slumps - MarketWatch](https://feedsoft.ai/events/70183-euro-charges-to-2-1-2-year-high-as-dollar-slumps-marketwatch.md) | +0.3% | -0.5% |
| DXY | 2023-07-28 | [Why is the US dollar losing its shine?](https://feedsoft.ai/events/35220-why-is-the-us-dollar-losing-its-shine.md) | +1.3% | +2.0% |
| DXY | 2018-01-04 | [Why a weak dollar may be a sign of long-term pessimism - MarketWatch](https://feedsoft.ai/events/67168-why-a-weak-dollar-may-be-a-sign-of-long-term-pessimism-marketwatch.md) | -0.0% | -2.9% |
| DXY | 2023-11-29 | [The Australian dollar is surging. Here’s why](https://feedsoft.ai/events/33404-the-australian-dollar-is-surging-here-s-why.md) | +1.0% | -0.9% |
| EURUSD | 2017-07-31 | [Euro charges to 2 1/2-year high as dollar slumps - MarketWatch](https://feedsoft.ai/events/70183-euro-charges-to-2-1-2-year-high-as-dollar-slumps-marketwatch.md) | 0.0% | +1.0% |
| EURUSD | 2018-01-04 | [Why a weak dollar may be a sign of long-term pessimism - MarketWatch](https://feedsoft.ai/events/67168-why-a-weak-dollar-may-be-a-sign-of-long-term-pessimism-marketwatch.md) | -0.6% | +3.8% |
| EURUSD | 2026-01-30 | [Why the US dollar hit a four-year low and could fall further](https://feedsoft.ai/events/21238-why-the-us-dollar-hit-a-four-year-low-and-could-fall-further.md) | -1.2% | -1.0% |

## Sources

- marketwatch.com: https://www.marketwatch.com/story/why-the-u-s-dollar-is-trading-at-a-2-1-2-year-low-11606856115

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