# Dollar falls to end worst year since 2003, bitcoin soars

> The dollar index fell to its lowest level in over three months on December 29, 2017, on track for its steepest annual drop since 2003. Analysts cited doubts about the durability of U.S. growth after the tax overhaul and expectations that other central banks would reduce stimulus.

- Date: 2017-12-29 · published 2017-12-29T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/67391-dollar-falls-to-end-worst-year-since-2003-bitcoin-soars
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A weaker dollar makes U.S. commodities cheaper for foreign buyers, which tends to support export demand and prices for feed grains and meals.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-06-30 | [The Dollar Has Its Worst Start to a Year Since 1973](https://feedsoft.ai/events/24416-the-dollar-has-its-worst-start-to-a-year-since-1973.md) | -0.0% | +0.8% |
| DXY | 2020-03-27 | [Dollar posts biggest weekly fall since 2009](https://feedsoft.ai/events/6582-dollar-posts-biggest-weekly-fall-since-2009.md) | +0.9% | +1.1% |
| DXY | 2023-12-29 | [Dollar sees first yearly loss since 2020](https://feedsoft.ai/events/32898-dollar-sees-first-yearly-loss-since-2020.md) | +0.8% | +2.1% |
| DXY | 2020-12-31 | [More weakness seen as dollar posts worst year since 2017](https://feedsoft.ai/events/49567-more-weakness-seen-as-dollar-posts-worst-year-since-2017.md) | -0.0% | +1.0% |
| DXY | 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) | -0.0% | +1.1% |
| EURUSD | 2023-12-29 | [Dollar sees first yearly loss since 2020](https://feedsoft.ai/events/32898-dollar-sees-first-yearly-loss-since-2020.md) | -1.0% | -2.4% |
| EURUSD | 2023-11-30 | [US dollar gains but set for worst monthly loss in a year, euro falls](https://feedsoft.ai/events/33379-us-dollar-gains-but-set-for-worst-monthly-loss-in-a-year-euro-falls.md) | -1.6% | +0.9% |
| EURUSD | 2022-11-11 | [Dollar set for biggest two-day fall since 2009 as rate outlook shifts](https://feedsoft.ai/events/38843-dollar-set-for-biggest-two-day-fall-since-2009-as-rate-outlook-shifts.md) | +1.7% | +3.6% |

## Sources

- wolfstreet.com: https://wolfstreet.com/2017/12/29/us-dollar-has-worst-year-since-2003-defying-the-fed/
- cnbc.com: https://www.cnbc.com/2017/12/28/dollar-wallows-near-1-month-low-commodity-currencies-supported.html

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