# Dollar falls to more than 3-month low on first trading day of 2018

> The dollar fell to its lowest level in more than three months on the first trading day of 2018, with the dollar index touching 91.751. Traders doubted the Fed would deliver three rate hikes this year given muted US inflation.

- Date: 2018-01-02 · published 2018-01-02T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/67214-dollar-falls-to-more-than-3-month-low-on-first-trading-day-of-2018
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A weaker dollar tends to lift dollar-priced grain, oilseed and meal prices by making US exports cheaper abroad. Feed buyers should expect firmer dollar-based ingredient prices if the trend persists.

## Read by commodity

- DXY: bearish ▼
- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-08-21 | [Dollar falls to three-month low on Treasury buyback worries \| Reuters](https://feedsoft.ai/events/18084-dollar-falls-to-three-month-low-on-treasury-buyback-worries-reuters.md) | +0.1% | +1.1% |
| DXY | 2025-08-06 | [Dollar falls as traders bet on more rate cuts](https://feedsoft.ai/events/23519-dollar-falls-as-traders-bet-on-more-rate-cuts.md) | -0.5% | -0.3% |
| DXY | 2021-08-31 | [Dollar falls to more than 3-week low with payrolls eyed - Markets - Business Recorder](https://feedsoft.ai/events/45752-dollar-falls-to-more-than-3-week-low-with-payrolls-eyed-markets-business.md) | -0.2% | +0.9% |
| 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 | 2018-12-20 | [Dollar sinks to 3-month low vs yen on U.S. rate outlook, growth fears](https://feedsoft.ai/events/61785-dollar-sinks-to-3-month-low-vs-yen-on-u-s-rate-outlook-growth-fears.md) | -0.1% | -1.1% |
| CORN | 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) | +5.1% | +4.1% |
| CORN | 2018-01-26 | [Dollar falls, set for biggest monthly drop in nearly 2 years](https://feedsoft.ai/events/10400-dollar-falls-set-for-biggest-monthly-drop-in-nearly-2-years.md) | +0.3% | +1.2% |
| CORN | 2019-11-01 | [Dollar drops on mixed data, trade optimism](https://feedsoft.ai/events/56260-dollar-drops-on-mixed-data-trade-optimism.md) | +0.4% | +0.3% |

## Sources

- cnbc.com: https://www.cnbc.com/2018/01/02/asian-currencies-off-to-strong-start-for-2018-sing-dollar-at-1-12-year-high.html

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