# Dollar falls to 2018 lows as vaccine progress fuels risk demand - Moneyweb

> The Bloomberg Dollar Spot Index fell to an April 2018 low as the US prepared vaccine rollouts within weeks, boosting risk appetite. Emerging-market currencies gained as investors rotated into them, and Goldman favored shorting the dollar against peso and rand.

- Date: 2020-11-23 · published 2020-11-23T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/50334-dollar-falls-to-2018-lows-as-vaccine-progress-fuels-risk-demand-moneyweb
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A weaker dollar and EM currency strength can support dollar-priced commodity demand from emerging markets, though the move is driven by sentiment rather than a supply shift.

## Read by commodity

- DXY: bearish ▼
- USDMXN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-02-01 | [Dollar falls to nine-month low as Powell notes progress in disinflation \| Reuters](https://feedsoft.ai/events/37522-dollar-falls-to-nine-month-low-as-powell-notes-progress-in-disinflation-reuters.md) | +1.1% | +1.4% |
| DXY | 2017-01-31 | [Rand, stocks rise as Trump trips up dollar - Moneyweb](https://feedsoft.ai/events/73244-rand-stocks-rise-as-trump-trips-up-dollar-moneyweb.md) | -0.6% | -0.6% |
| DXY | 2018-01-02 | [Dollar falls to more than 3-month low on first trading day of 2018](https://feedsoft.ai/events/67214-dollar-falls-to-more-than-3-month-low-on-first-trading-day-of-2018.md) | -0.5% | -2.7% |
| DXY | 2020-11-26 | [Euro rises to near 3-month high as US dollar falls - The Business Times](https://feedsoft.ai/events/50370-euro-rises-to-near-3-month-high-as-us-dollar-falls-the-business-times.md) | -1.2% | -1.5% |
| DXY | 2022-10-26 | [US dollar drops to three-week low as traders weigh a Fed pivot - Moneyweb](https://feedsoft.ai/events/39327-us-dollar-drops-to-three-week-low-as-traders-weigh-a-fed-pivot-moneyweb.md) | +0.0% | -2.8% |

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news-fast-news/dollar-falls-to-2018-lows-as-vaccine-progress-fuels-risk-demand/

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