# Dollar slump continue on US economic worries, safe-haven yen gains

> The safe-haven yen rose to its highest in more than four months while the dollar slumped near a two-year low. Weakness was attributed to rising coronavirus cases, a delayed US stimulus bill and US-China tensions.

- Date: 2020-07-24 · published 2020-07-24T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/52343-dollar-slump-continue-on-us-economic-worries-safe-haven-yen-gains
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

A weaker dollar generally supports US commodity prices in dollar terms and tends to make US feed exports more competitive for overseas buyers.

## Read by commodity

- DXY: bearish ▼
- USDJPY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-07-31 | [Oil surges as dollar continues slide against the yen \| EconomyNext](https://feedsoft.ai/events/70214-oil-surges-as-dollar-continues-slide-against-the-yen-economynext.md) | +0.3% | -0.5% |
| DXY | 2025-12-22 | [Japan's yen gains on intervention signals, softer US dollar](https://feedsoft.ai/events/21750-japan-s-yen-gains-on-intervention-signals-softer-us-dollar.md) | -0.5% | -0.7% |
| DXY | 2019-10-03 | [Dollar weakens vs yen as US economic worries, trade frictions intensify - The HinduBusinessLine](https://feedsoft.ai/events/56821-dollar-weakens-vs-yen-as-us-economic-worries-trade-frictions-intensify-the.md) | -0.2% | -1.7% |
| DXY | 2019-08-28 | [Yen stands tall as US yield curve inversion stokes economic worries](https://feedsoft.ai/events/57808-yen-stands-tall-as-us-yield-curve-inversion-stokes-economic-worries.md) | -0.1% | -0.1% |
| DXY | 2023-04-27 | [Euro near one-year peak as US economic risks weigh on dollar](https://feedsoft.ai/events/36622-euro-near-one-year-peak-as-us-economic-risks-weigh-on-dollar.md) | -0.2% | +1.0% |

## Sources

- cnbc.com: https://www.cnbc.com/2020/07/24/yen-up-and-dollar-clinging-on-as-chinas-houston-response-awaited.html

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