# The USD is trading modestly lower against most of its G10 counterparts - OFX (CA)

> The U.S. dollar traded modestly lower against most G10 currencies on July 31, 2018. Traders focused on NAFTA and US-China trade talks, while Canadian GDP beat expectations at 0.5% versus a forecast of 0.3%.

- Date: 2018-07-31 · published 2018-07-31T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/64257-the-usd-is-trading-modestly-lower-against-most-of-its-g10-counterparts-ofx-ca
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

A softer dollar supports dollar-denominated commodity prices, while NAFTA and China trade headlines keep risk premia in feed-linked markets elevated.

## Read by commodity

- DXY: bearish ▼
- USDCAD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-12-17 | [Ringgit opens lower against US dollar](https://feedsoft.ai/events/43870-ringgit-opens-lower-against-us-dollar.md) | -0.2% | -0.8% |
| DXY | 2023-05-25 | [Why is the Mexican Peso Gaining against the Dollar?](https://feedsoft.ai/events/36160-why-is-the-mexican-peso-gaining-against-the-dollar.md) | -0.4% | -1.1% |
| DXY | 2023-12-28 | [Dollar falls against yen, gains on euro in choppy trading](https://feedsoft.ai/events/32900-dollar-falls-against-yen-gains-on-euro-in-choppy-trading.md) | +1.0% | +1.8% |
| DXY | 2025-06-25 | [GBP: Is there room for sterling to make gains against the dollar?](https://feedsoft.ai/events/24476-gbp-is-there-room-for-sterling-to-make-gains-against-the-dollar.md) | -0.8% | -0.7% |
| DXY | 2021-08-31 | [The dollar is falling against everything ahead of key jobs data - Moneyweb](https://feedsoft.ai/events/45847-the-dollar-is-falling-against-everything-ahead-of-key-jobs-data-moneyweb.md) | -0.2% | +0.9% |

## Sources

- ofx.com: https://www.ofx.com/en-ca/forex-news/daily-and-weekly-market-news/2018/08/01/the-usd-is-trading-modestly-lower-against-most-of-its-g10-counterparts/

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