# Dollar struggles near 2-1/2-mth lows, yen slips as risk aversion ebbs

> The dollar hovered near 2.5-month lows against a basket of major currencies, and the yen slipped as safe-haven demand faded. The dollar index was on track to lose more than 1% for the week as investors moved into other currencies, including emerging-market ones. The shift followed Chinese Premier Li Keqiang's pledge not to engage in competitive devaluation.

- Date: 2018-09-21 · published 2018-09-21T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/63279-dollar-struggles-near-2-1-2-mth-lows-yen-slips-as-risk-aversion-ebbs
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker dollar and reduced trade-war risk aversion tend to support dollar-priced commodities and can ease export competition concerns for US grains and oilseeds. The move is modest and driven by sentiment rather than supply or demand.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-06-27 | [SK Won Rises as Dollar Slips](https://feedsoft.ai/events/24447-sk-won-rises-as-dollar-slips.md) | -0.3% | +0.3% |
| DXY | 2026-07-31 | [Dollar slips against yen as intervention risks drag \| Reuters](https://feedsoft.ai/events/18579-dollar-slips-against-yen-as-intervention-risks-drag-reuters.md) | -0.1% | -1.1% |
| DXY | 2026-01-25 | [Dollar slips across the board as intervention risk lifts yen \| Reuters](https://feedsoft.ai/events/10160-dollar-slips-across-the-board-as-intervention-risk-lifts-yen-reuters.md) | -0.8% | -0.8% |
| 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 | 2021-02-11 | [Dollar slides near two-week lows as Fed pledges low rates](https://feedsoft.ai/events/48817-dollar-slides-near-two-week-lows-as-fed-pledges-low-rates.md) | +0.5% | +1.2% |

## Sources

- cnbc.com: https://www.cnbc.com/2018/09/21/forex-markets-us-china-trade-war-dollar-yen-in-focus.html

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