# Dollar Down Over Persistent Stimulus Hopes

> The dollar fell toward a second weekly loss as expectations of a new US stimulus package rose and Joe Biden gained in polls ahead of the November election. The US Dollar Index edged down to about 93.5. Investors moved into riskier assets such as commodity currencies.

- Date: 2020-10-08 · published 2020-10-08T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/5563-dollar-down-over-persistent-stimulus-hopes
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker dollar and stronger commodity currencies tend to support dollar-priced agricultural commodities. The effect on feed prices is modest.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-03-24 | [Dollar falls after Fed QE, on fiscal stimulus hopes](https://feedsoft.ai/events/6583-dollar-falls-after-fed-qe-on-fiscal-stimulus-hopes.md) | -2.3% | -2.4% |
| DXY | 2020-10-09 | [Dollar drifts downward as investors cling to stimulus hopes \| Financial Post](https://feedsoft.ai/events/50560-dollar-drifts-downward-as-investors-cling-to-stimulus-hopes-financial-post.md) | -0.3% | -1.9% |
| DXY | 2025-11-27 | [Mexican Peso Strengthens on Persistent Dollar Weakness - Forex News by FX Leaders](https://feedsoft.ai/events/22164-mexican-peso-strengthens-on-persistent-dollar-weakness-forex-news-by-fx-leaders.md) | -0.5% | -1.5% |
| DXY | 2020-11-18 | [Sterling pushed up by weaker US dollar, hopes of Brexit deal \| Malay Mail](https://feedsoft.ai/events/50423-sterling-pushed-up-by-weaker-us-dollar-hopes-of-brexit-deal-malay-mail.md) | -0.2% | -2.2% |
| DXY | 2020-10-09 | [Dollar dips on stimulus optimism, bets on Biden victory \| Reuters](https://feedsoft.ai/events/5561-dollar-dips-on-stimulus-optimism-bets-on-biden-victory-reuters.md) | -0.3% | -1.9% |

## Sources

- finance.yahoo.com: https://finance.yahoo.com/news/dollar-down-over-persistent-stimulus-220342361.html

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