# U.S. Dollar Extends Tumble After Biggest Daily Loss Since 2009

> The WSJ Dollar Index fell a further 0.5% on Friday after a 2.2% slide on Thursday, its largest daily loss since March 2009. The weakness followed softer inflation data and bets that the Fed will slow its pace of rate increases. ING cautioned that markets may be getting ahead of themselves on inflation peaking.

- Date: 2022-11-11 · published 2022-11-11T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/7565-u-s-dollar-extends-tumble-after-biggest-daily-loss-since-2009
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expectations of slower Fed tightening are weakening the dollar, which tends to support dollar-priced commodities, though the trend could reverse if inflation proves sticky.

## Read by commodity

- DXY: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| DXY | 2022-11-14 | 5 | -2.9% | -4.2 | The WSJ Dollar Index extended losses on Nov 11 after a 2.2% slide, reflecting bets on slower Fed hikes. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 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) | -0.7% | -1.6% |
| DXY | 2023-11-03 | [US dollar tumbles to six-week low after soft jobs data](https://feedsoft.ai/events/11456-us-dollar-tumbles-to-six-week-low-after-soft-jobs-data.md) | -0.6% | -2.0% |
| 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 | 2020-08-28 | [Dollar extends losses; yen hits new highs after Abe resignation](https://feedsoft.ai/events/51845-dollar-extends-losses-yen-hits-new-highs-after-abe-resignation.md) | -0.5% | +1.0% |

## Sources

- wsj.com: https://www.wsj.com/livecoverage/stock-market-news-today-11-11-2022/card/u-s-dollar-extends-tumble-after-biggest-daily-loss-since-2009-zcGsrj1sghBj4ZLgUYfq

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