# Is the US dollar losing its clout as the world's reserve currency?

> The US dollar has fallen nearly 9% since March amid concerns that its status as the world's reserve currency could weaken. The Australian dollar has risen about 25% from its March lows, and gold hit a record above US$2,000 an ounce. The columnist attributes the moves to broader loss of confidence in the US economy and its policy direction.

- Date: 2020-07-29 · published 2020-07-29T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/52391-is-the-us-dollar-losing-its-clout-as-the-world-s-reserve-currency
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A sustained dollar decline supports dollar-priced commodities and can raise import costs for currency-sensitive feed buyers. Gold's rise reflects safe-haven demand, which is not a direct feed price driver.

## Read by commodity

- DXY: bearish ▼
- AUDUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2020-07-29 | [Even the loonie is rising against the U.S. dollar as the Fed faces currency threat: Don Pittis \| CBC News](https://feedsoft.ai/events/52356-even-the-loonie-is-rising-against-the-u-s-dollar-as-the-fed-faces-currency.md) | +0.4% | -0.4% |
| DXY | 2024-08-26 | [Interest rates: US dollar sinks as traders position for rate cuts by the Federal Reserve](https://feedsoft.ai/events/28691-interest-rates-us-dollar-sinks-as-traders-position-for-rate-cuts-by-the-federal.md) | +0.7% | -0.0% |
| DXY | 2026-01-29 | [What the sinking U.S. dollar means to Canada and world](https://feedsoft.ai/events/21288-what-the-sinking-u-s-dollar-means-to-canada-and-world.md) | +0.6% | +0.3% |
| 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% |

## Sources

- smh.com.au: https://www.smh.com.au/business/markets/is-the-us-dollar-losing-its-clout-as-the-world-s-reserve-currency-20200729-p55gja.html

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