# Dollar Resuming Recent Rally, Sterling Tumbles after PMI, Canadian Up on GDP - ActionForex

> The US dollar extended its rally, with sterling falling after UK manufacturing PMI missed expectations at 53.9 and the Canadian dollar rising after stronger GDP. GBP/USD broke key support at 1.3711 and AUD/USD broke 0.7500 after an RBA decision.

- Date: 2018-05-01 · published 2018-05-01T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/65260-dollar-resuming-recent-rally-sterling-tumbles-after-pmi-canadian-up-on-gdp
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Broad dollar strength raises the local-currency cost of dollar-priced feed imports for many buyers. Currency moves are the main driver, not grain fundamentals.

## Read by commodity

- DXY: bullish ▲
- GBPUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-10-29 | [Euro Down after ECB, Oil Tumbles, Dollar and Yen Rise - ActionForex](https://feedsoft.ai/events/50842-euro-down-after-ecb-oil-tumbles-dollar-and-yen-rise-actionforex.md) | -0.5% | -2.2% |
| DXY | 2025-07-30 | [Canadian Dollar recedes after Fed rate hold — Octa](https://feedsoft.ai/events/23976-canadian-dollar-recedes-after-fed-rate-hold-octa.md) | -0.0% | -0.4% |
| DXY | 2026-09-25 | [Sterling treads water at 3-month low after weekly drop on dollar rally \| Reuters](https://feedsoft.ai/events/17738-sterling-treads-water-at-3-month-low-after-weekly-drop-on-dollar-rally-reuters.md) | +1.0% | +0.6% |
| DXY | 2022-06-10 | [U.S. Dollar ETFs Rally After Red-Hot Inflation Reading \| ETF Trends](https://feedsoft.ai/events/7714-u-s-dollar-etfs-rally-after-red-hot-inflation-reading-etf-trends.md) | +1.5% | +3.7% |
| DXY | 2022-10-19 | [Dollar gains with Treasury yields, sterling tumbles on hot inflation](https://feedsoft.ai/events/39400-dollar-gains-with-treasury-yields-sterling-tumbles-on-hot-inflation.md) | -0.4% | -3.6% |

## Sources

- actionforex.com: https://www.actionforex.com/action-insight/market-overview/91448-dollar-resuming-recent-rally-sterling-tumbles-after-pmi-canadian-up-on-gdp/

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