# Dollar near 3-1/2 week lows; commodity, currencies stand tall - The HinduBusinessLine

> The dollar index slid to its weakest level in almost four weeks on December 28, 2017, down more than 9 percent for the year. Commodity-linked currencies gained as metals and oil prices rallied that week.

- Date: 2017-12-28 · published 2017-12-28T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/67395-dollar-near-3-1-2-week-lows-commodity-currencies-stand-tall-the
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Commodity-led strength in oil and a softer dollar tend to support commodity prices broadly, including energy-linked inputs for feed and biofuel demand.

## Read by commodity

- DXY: bearish ▼
- WTI: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-01-25 | [Dollar stung by Mnuchin comments, euro awaits ECB's currency views - The HinduBusinessLine](https://feedsoft.ai/events/67193-dollar-stung-by-mnuchin-comments-euro-awaits-ecb-s-currency-views-the.md) | -0.3% | +0.7% |
| DXY | 2023-07-26 | [Dollar’s decline throws spotlight on battered commodity currencies](https://feedsoft.ai/events/35307-dollar-s-decline-throws-spotlight-on-battered-commodity-currencies.md) | +0.6% | +2.1% |
| DXY | 2017-07-31 | [Rupee gains on weak dollar - The HinduBusinessLine](https://feedsoft.ai/events/70270-rupee-gains-on-weak-dollar-the-hindubusinessline.md) | +0.3% | -0.5% |
| DXY | 2020-07-27 | [Dollar’s weakness boosts rally in commodities and currencies - Gulf Times](https://feedsoft.ai/events/5318-dollar-s-weakness-boosts-rally-in-commodities-and-currencies-gulf-times.md) | -0.8% | -0.9% |
| DXY | 2017-03-17 | [Asian stocks set to end week higher; dollar left in doldrums by Fed - The HinduBusinessLine](https://feedsoft.ai/events/71925-asian-stocks-set-to-end-week-higher-dollar-left-in-doldrums-by-fed-the.md) | -0.6% | -0.8% |
| WTI | 2021-08-23 | [Rebound in commodity prices, weaker dollar lift Latam currencies - Markets - Business Recorder](https://feedsoft.ai/events/45760-rebound-in-commodity-prices-weaker-dollar-lift-latam-currencies-markets.md) | +10.5% | +13.0% |
| WTI | 2020-05-18 | [Dollar struggles as rising oil prices lift commodity currencies](https://feedsoft.ai/events/53034-dollar-struggles-as-rising-oil-prices-lift-commodity-currencies.md) | +13.5% | +26.0% |
| WTI | 2023-07-31 | [Canadian dollar notches monthly gain as commodity currencies rally - The Globe and Mail](https://feedsoft.ai/events/35271-canadian-dollar-notches-monthly-gain-as-commodity-currencies-rally-the-globe.md) | +2.8% | -0.4% |

## Sources

- thehindubusinessline.com: https://www.thehindubusinessline.com/markets/forex/dollar-falls-broadly-commodity-currencies-stand-tall/article64279495.ece

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