# Dollar sinks to 3-month low vs yen on U.S. rate outlook, growth fears

> The dollar fell to a more than three-month low against the yen after the Federal Reserve signaled fewer rate hikes over the next two years and cut its growth and inflation forecasts. The dollar index dropped to a one-month low, and the Swedish crown rose after its central bank raised rates for the first time in over seven years.

- Date: 2018-12-20 · published 2018-12-20T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/61785-dollar-sinks-to-3-month-low-vs-yen-on-u-s-rate-outlook-growth-fears
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Weaker dollar expectations are a mild tailwind for dollar-priced commodities, but the effect on feed prices is indirect and small.

## Read by commodity

- DXY: bearish ▼
- USDJPY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-01-27 | [Dollar sinks to four-year low as intervention risk lifts yen](https://feedsoft.ai/events/21293-dollar-sinks-to-four-year-low-as-intervention-risk-lifts-yen.md) | +0.3% | -0.1% |
| DXY | 2020-02-29 | [US dollar dives to 7-week low against yen on Fed rate cut hint \| Malay Mail](https://feedsoft.ai/events/54819-us-dollar-dives-to-7-week-low-against-yen-on-fed-rate-cut-hint-malay-mail.md) | -0.8% | +4.0% |
| DXY | 2023-01-16 | [Dollar finds its footing near seven-month low, all eyes on yen \| Reuters](https://feedsoft.ai/events/37978-dollar-finds-its-footing-near-seven-month-low-all-eyes-on-yen-reuters.md) | -0.0% | +0.7% |
| DXY | 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) | -0.6% | -1.0% |
| DXY | 2023-08-29 | [Dollar drops on jobs data, yen rises from 10-month low \| Reuters](https://feedsoft.ai/events/34780-dollar-drops-on-jobs-data-yen-rises-from-10-month-low-reuters.md) | +0.9% | +1.8% |

## Sources

- cnbc.com: https://www.cnbc.com/2018/12/20/forex-markets-dollar-the-fed-in-focus.html

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