# Dollar drifts downward as investors cling to stimulus hopes | Financial Post

> The dollar fell toward a second weekly loss as hopes for a US fiscal stimulus package and a likely Biden win supported riskier assets. Talks between Pelosi and Mnuchin had resumed after Trump ended them.

- Date: 2020-10-09 · published 2020-10-09T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/50560-dollar-drifts-downward-as-investors-cling-to-stimulus-hopes-financial-post
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A weaker dollar on stimulus expectations makes dollar-priced commodities cheaper for foreign buyers, supporting grain and oilseed prices.

## Read by commodity

- DXY: bearish ▼
- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-03-13 | [Sterling rises as investors rethink U.S. rate-hike path after SVB collapse \| Financial Post](https://feedsoft.ai/events/37126-sterling-rises-as-investors-rethink-u-s-rate-hike-path-after-svb-collapse.md) | +0.3% | -1.6% |
| DXY | 2026-07-31 | [US Dollar Hits Post-FOMC Perfect Storm \| Investing.com AU](https://feedsoft.ai/events/8422-us-dollar-hits-post-fomc-perfect-storm-investing-com-au.md) | -0.1% | -1.1% |
| DXY | 2026-07-29 | [ING Says Dollar to Take Cue from Oil Prices If Fed Holds Rate \| Financial Post](https://feedsoft.ai/events/18262-ing-says-dollar-to-take-cue-from-oil-prices-if-fed-holds-rate-financial-post.md) | -0.9% | -2.0% |
| DXY | 2020-06-08 | [Dollar dips as commodity currencies gain on recovery hopes \| Financial Post](https://feedsoft.ai/events/52527-dollar-dips-as-commodity-currencies-gain-on-recovery-hopes-financial-post.md) | +0.7% | +0.4% |
| DXY | 2021-03-11 | [Dollar drops to one-week low as inflation fears fade; ECB in focus \| Financial Post](https://feedsoft.ai/events/48345-dollar-drops-to-one-week-low-as-inflation-fears-fade-ecb-in-focus-financial-post.md) | -0.4% | -0.3% |
| CORN | 2021-07-28 | [US dollar, stocks dip as Fed keeps taper timing close to chest](https://feedsoft.ai/events/45971-us-dollar-stocks-dip-as-fed-keeps-taper-timing-close-to-chest.md) | +0.3% | -1.0% |
| CORN | 2019-12-11 | [Dollar slips to 4-month low as Fed holds rates, nixes hike hopes](https://feedsoft.ai/events/55754-dollar-slips-to-4-month-low-as-fed-holds-rates-nixes-hike-hopes.md) | +5.1% | +4.1% |
| CORN | 2026-01-28 | [AUD/USD Outlook: US Dollar Unwind Hands the Baton to Australia CPI \| Investing.com](https://feedsoft.ai/events/21320-aud-usd-outlook-us-dollar-unwind-hands-the-baton-to-australia-cpi-investing-com.md) | +0.2% | +0.0% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/dollar-drifts-downward-as-investors-cling-to-stimulus-hopes

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