# SMU Currency Analysis: Dollar Weakens in Last Three Months - Steel Market Update

> Steel Market Update reports the US dollar weakened against 11 of 16 steel-trading currencies over the last three months. The analysis links this to the Federal Reserve's March 20 decision to hold rates and project no hikes in 2019.

- Date: 2019-03-29 · published 2019-03-29T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/60264-smu-currency-analysis-dollar-weakens-in-last-three-months-steel-market-update
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker dollar and lower rate outlook tend to support dollar-denominated commodity prices and US export competitiveness, a mild support for grain and feed prices.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-02-18 | [SMU Currency Analysis: U.S. Dollar Weakens in the Last Three Months - Steel Market Update](https://feedsoft.ai/events/60770-smu-currency-analysis-u-s-dollar-weakens-in-the-last-three-months-steel-market.md) | -0.8% | -0.7% |
| DXY | 2025-05-05 | [Dollar weakens against major currencies as markets weigh tariff uncertainty](https://feedsoft.ai/events/9622-dollar-weakens-against-major-currencies-as-markets-weigh-tariff-uncertainty.md) | +0.0% | -1.1% |
| DXY | 2022-09-12 | [Latam currencies rally as dollar weakens ahead of U.S. inflation data](https://feedsoft.ai/events/39788-latam-currencies-rally-as-dollar-weakens-ahead-of-u-s-inflation-data.md) | +0.9% | +2.8% |
| DXY | 2018-01-31 | [Silent correction in rupee, even as dollar weakens against major currencies \| Money & Forex Markets - Business Standard](https://feedsoft.ai/events/67255-silent-correction-in-rupee-even-as-dollar-weakens-against-major-currencies.md) | +0.4% | +1.2% |
| DXY | 2023-08-30 | [EMERGING MARKETS-Latin American currencies up on weaker dollar; Brazil's real lags on rate-cut speculation](https://feedsoft.ai/events/34788-emerging-markets-latin-american-currencies-up-on-weaker-dollar-brazil-s-real.md) | +1.3% | +2.3% |

## Sources

- steelmarketupdate.com: https://www.steelmarketupdate.com/2019/03/29/smu-currency-analysis-u-s-dollar-weakens-in-the-last-three-months-2/

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