# Dollar hovers near 11-month high as trade concerns weigh

> The dollar hovered near an 11-month high against a basket of major currencies as China's signal of tolerance for a stronger yuan offset trade anxiety. The PBOC cut its yuan midpoint to 6.4586, weaker than market models suggested. US Commerce Secretary Wilbur Ross said the White House would keep pressure on Beijing over trade.

- Date: 2018-06-20 · published 2018-06-20T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/8535-dollar-hovers-near-11-month-high-as-trade-concerns-weigh
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firmer dollar lowers the dollar value of commodity exports and raises import costs for buyers abroad, which tends to weigh on US grain and feed prices. The trade-driven rise in the dollar adds to that pressure.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-05-23 | [Dollar higher as U.S. debt ceiling concerns keep traders nervous](https://feedsoft.ai/events/36173-dollar-higher-as-u-s-debt-ceiling-concerns-keep-traders-nervous.md) | +0.4% | -1.1% |
| DXY | 2026-07-29 | [Vietnamese Dong Weakens as Dollar Holds Near One-Month High](https://feedsoft.ai/events/18661-vietnamese-dong-weakens-as-dollar-holds-near-one-month-high.md) | -0.9% | -2.0% |
| DXY | 2024-01-17 | [Dollar hits new one-month high as data weighs on rate cut hopes](https://feedsoft.ai/events/32291-dollar-hits-new-one-month-high-as-data-weighs-on-rate-cut-hopes.md) | +0.4% | +0.8% |
| DXY | 2024-11-11 | [Euro hits near 7-month low vs dollar as tariff worries weigh \| Reuters](https://feedsoft.ai/events/7555-euro-hits-near-7-month-low-vs-dollar-as-tariff-worries-weigh-reuters.md) | +0.8% | +1.1% |
| DXY | 2022-01-31 | [Dollar holds near 18-month high ahead of busy central bank week - CNBC TV18](https://feedsoft.ai/events/43323-dollar-holds-near-18-month-high-ahead-of-busy-central-bank-week-cnbc-tv18.md) | -0.8% | -0.7% |

## Sources

- cnbc.com: https://www.cnbc.com/2018/06/19/dollaryen-in-focus-us-yields-come-off-lows-but-capped-by-trade-woes.html

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