# Futures File: Dollar drops on Trump news

> The U.S. dollar and stock markets fell in the week of May 19, 2017, amid political controversy in Washington, while gold rose to a two-week high. In Brazil, President Temer faced bribery allegations that drove the real down more than 7%, which lowered prices for Brazilian soybeans and pressured U.S. soybean prices.

- Date: 2017-05-19 · published 2017-05-19T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/7589-futures-file-dollar-drops-on-trump-news
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A weaker dollar supports U.S. commodity export competitiveness, and the Brazilian currency collapse makes Brazilian soybeans cheaper, which pressures U.S. soybean prices.

## Read by commodity

- DXY: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-12-08 | [Dollar drops to one-week low against dong VnExpress News](https://feedsoft.ai/events/33028-dollar-drops-to-one-week-low-against-dong-vnexpress-news.md) | -0.9% | -1.1% |
| DXY | 2019-11-01 | [Dollar drops on mixed data, trade optimism](https://feedsoft.ai/events/56260-dollar-drops-on-mixed-data-trade-optimism.md) | +0.2% | +0.9% |
| DXY | 2019-01-04 | [Dollar drops to two-month low - ANBA News Agency](https://feedsoft.ai/events/61299-dollar-drops-to-two-month-low-anba-news-agency.md) | -1.2% | -1.4% |
| DXY | 2019-06-19 | [Dollar Drops on Fed Comments -- Market Talk - WSJ](https://feedsoft.ai/events/7437-dollar-drops-on-fed-comments-market-talk-wsj.md) | -1.1% | -0.9% |
| DXY | 2020-04-09 | [Dollar drops after Fed launches new loan program](https://feedsoft.ai/events/53817-dollar-drops-after-fed-launches-new-loan-program.md) | -0.1% | +0.3% |
| SOY | 2026-03-20 | [Grain Futures Slid As Oil Paused And The Dollar Firmed - Finimize](https://feedsoft.ai/events/11695-grain-futures-slid-as-oil-paused-and-the-dollar-firmed-finimize.md) | +0.4% | -0.1% |
| SOY | 2016-11-16 | [Dollar hits 14-year high as Trump-fuelled bond sell-off resumes](https://feedsoft.ai/events/9131-dollar-hits-14-year-high-as-trump-fuelled-bond-sell-off-resumes.md) | +4.1% | +3.5% |
| SOY | 2021-12-30 | [Dollar on track for best year since 2015](https://feedsoft.ai/events/43836-dollar-on-track-for-best-year-since-2015.md) | +2.0% | +6.8% |

## Sources

- desmoinesregister.com: https://www.desmoinesregister.com/story/money/business/2017/05/19/futures-file-dollar-drops-trump-news/333512001/

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