# Dollar pulls back after skittling  world currencies

> The dollar rose to near a 14-year high before pulling back, hitting records against several major currencies. The yen fell to an eight-month low, the yuan to an eight-and-a-half-year low, and the Turkish lira and Indian rupee hit new lows as emerging-market pressure built.

- Date: 2016-11-25 · published 2016-11-25T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/74038-dollar-pulls-back-after-skittling-world-currencies
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md), [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Weaker emerging-market currencies such as the yuan and rupee raise the local cost of imported feed and can dampen demand for US and Brazilian soybeans, corn and meal.

## Read by commodity

- DXY: bullish ▲
- USDCNY: bullish ▲
- USDINR: bullish ▲
- USDJPY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-05-18 | [Dollar spikes against major currencies](https://feedsoft.ai/events/4359-dollar-spikes-against-major-currencies.md) | -0.1% | -0.8% |
| DXY | 2021-06-18 | [Fed-fuelled dollar forces rival currencies onto back foot](https://feedsoft.ai/events/6128-fed-fuelled-dollar-forces-rival-currencies-onto-back-foot.md) | -0.2% | +0.4% |
| DXY | 2021-09-20 | [Evergrande jitters pull risk currencies lower, dollar gains on safety bid](https://feedsoft.ai/events/45274-evergrande-jitters-pull-risk-currencies-lower-dollar-gains-on-safety-bid.md) | +0.1% | +0.3% |
| DXY | 2018-08-13 | [Broad basket of currencies losing ground against dollar](https://feedsoft.ai/events/9470-broad-basket-of-currencies-losing-ground-against-dollar.md) | +0.2% | +0.3% |
| DXY | 2021-03-02 | [FOREX \| Dollar rises to one-month high; riskier currencies fall as shares falter - BusinessWorld Online](https://feedsoft.ai/events/11420-forex-dollar-rises-to-one-month-high-riskier-currencies-fall-as-shares-falter.md) | +1.5% | +1.2% |
| USDCNY | 2021-09-20 | [Evergrande jitters pull risk currencies lower, dollar gains on safety bid](https://feedsoft.ai/events/45274-evergrande-jitters-pull-risk-currencies-lower-dollar-gains-on-safety-bid.md) | +0.0% | -0.6% |
| USDCNY | 2019-06-25 | [Most Asian currencies weaker than they should be against dollar - Nikkei Asia](https://feedsoft.ai/events/58819-most-asian-currencies-weaker-than-they-should-be-against-dollar-nikkei-asia.md) | -0.4% | +0.0% |
| USDCNY | 2023-06-28 | [Age of crisis leaves world's big currencies out of sync](https://feedsoft.ai/events/10490-age-of-crisis-leaves-world-s-big-currencies-out-of-sync.md) | +0.4% | -1.0% |

## Sources

- timesofmalta.com: https://timesofmalta.com/article/Dollar-pulls-back-after-skittling-world-currencies.631998

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