# The FX Trader: USD still a safe haven once risk-off gets bad enough

> The U.S. dollar gained safe-haven support late Thursday and early Friday as a broad selloff in risky assets spread beyond technology stocks. The yen's safe-haven appeal was less clear, the Australian dollar fell to a seven-month low, and sterling's response to a more hawkish Bank of England stance was overshadowed by market volatility.

- Date: 2026-11-06 · published 2026-11-06T12:09:11.613Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/83823-the-fx-trader-usd-still-a-safe-haven-once-risk-off-gets-bad-enough
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A stronger U.S. dollar can curb demand for dollar-priced feed imports and weigh on commodity prices, while currency weakness can alter local import costs. These are financial-market effects rather than changes in physical agricultural supply or demand.

## Read by commodity

- DXY: bullish ▲
- AUDUSD: bearish ▼
- GBPUSD: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-03-23 | [USD benefits from safe haven flows - OFX (US)](https://feedsoft.ai/events/42443-usd-benefits-from-safe-haven-flows-ofx-us.md) | -0.4% | +0.9% |
| DXY | 2019-09-17 | [FX: Mideast tensions make USD the go-to safe haven \| articles \| ING THINK](https://feedsoft.ai/events/57305-fx-mideast-tensions-make-usd-the-go-to-safe-haven-articles-ing-think.md) | +0.2% | -0.2% |
| DXY | 2026-07-31 | [USD/JPY Intervention Is Back, but the Yen Still Has a Rate Problem \| Investing.com](https://feedsoft.ai/events/18584-usd-jpy-intervention-is-back-but-the-yen-still-has-a-rate-problem-investing-com.md) | -0.1% | -1.1% |
| DXY | 2026-03-13 | [Yuan Holds Up As Risk-Off Lifts The Dollar - Finimize](https://feedsoft.ai/events/11471-yuan-holds-up-as-risk-off-lifts-the-dollar-finimize.md) | +0.3% | -0.8% |
| DXY | 2024-01-31 | [US Tech Sell-Off Challenges Risk Appetites Ahead of the FOMC snbchf.com](https://feedsoft.ai/events/32396-us-tech-sell-off-challenges-risk-appetites-ahead-of-the-fomc-snbchf-com.md) | +0.3% | +0.4% |

## Sources

- home.saxo: https://www.home.saxo/en-gb/content/articles/forex/the-fx-trader-usd-still-a-safe-haven-once-risk-off-gets-bad-enough-06112026
- home.saxo: https://www.home.saxo/en-sg/content/articles/forex/the-fx-trader-usd-still-a-safe-haven-once-risk-off-gets-bad-enough-06112026

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