# Dollar’s slump thrusts currency peers to brink of new highs - Moneyweb

> The Bloomberg Dollar Index was on course for a 2.7% monthly drop in November and had fallen 12% from its March peak. Strategists expected further weakness as China's economic rebound and vaccine rollouts supported peers such as the euro, Aussie and Canadian dollar.

- Date: 2020-11-30 · published 2020-11-30T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/50372-dollar-s-slump-thrusts-currency-peers-to-brink-of-new-highs-moneyweb
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A sustained dollar decline tends to support dollar-priced grain and oilseed prices, and it lowers import costs for buyers using weaker currencies.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2017-07-31 | [Pound hits 10-month high of $1.32 on dollar's Trump slump](https://feedsoft.ai/events/70203-pound-hits-10-month-high-of-1-32-on-dollar-s-trump-slump.md) | +0.3% | -0.5% |
| DXY | 2020-11-23 | [Dollar deposits jump as punters bet on currency's rebound](https://feedsoft.ai/events/50396-dollar-deposits-jump-as-punters-bet-on-currency-s-rebound.md) | -0.6% | -1.1% |
| DXY | 2019-10-31 | [Dented dollar on Fed outlook buoys EM currencies - Moneyweb](https://feedsoft.ai/events/56866-dented-dollar-on-fed-outlook-buoys-em-currencies-moneyweb.md) | -0.1% | +0.8% |
| DXY | 2025-03-18 | [Rand hits best level in months as dollar suffers Trump slump \| News24](https://feedsoft.ai/events/25856-rand-hits-best-level-in-months-as-dollar-suffers-trump-slump-news24.md) | +0.7% | -1.4% |

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news-fast-news/dollars-slump-thrusts-currency-peers-to-brink-of-new-highs/

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