# Dollar drops to weakest since August as traders eye Fed pivot - Moneyweb

> The Bloomberg Dollar Spot Index fell to its lowest since August after the Fed held rates steady and signaled the end of its tightening cycle. Group-of-10 currencies and Asian currencies, including the won and baht, all gained on the dollar.

- Date: 2023-12-14 · published 2023-12-14T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/8715-dollar-drops-to-weakest-since-august-as-traders-eye-fed-pivot-moneyweb
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker dollar and expectations of lower rates tend to support dollar-priced commodities and make imports cheaper for emerging-market feed buyers.

## Read by commodity

- DXY: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| DXY | 2023-12-14 | 1 | -1.3% | -3.8 | The Bloomberg Dollar Spot Index hit its lowest since August as broad G10 and Asian currencies gained after the Fed signaled the end of tightening. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-10-26 | [US dollar drops to three-week low as traders weigh a Fed pivot - Moneyweb](https://feedsoft.ai/events/39327-us-dollar-drops-to-three-week-low-as-traders-weigh-a-fed-pivot-moneyweb.md) | +0.0% | -2.8% |
| DXY | 2022-12-01 | [Dollar index lowest since August as inflation moderates \| Reuters](https://feedsoft.ai/events/38417-dollar-index-lowest-since-august-as-inflation-moderates-reuters.md) | -0.6% | -1.5% |
| DXY | 2026-07-30 | [CNY USD: Yuan Rises to Highest Since Early 2023 as Dollar Drops After Fed - Bloomberg](https://feedsoft.ai/events/18568-cny-usd-yuan-rises-to-highest-since-early-2023-as-dollar-drops-after-fed.md) | -1.2% | -1.9% |
| DXY | 2025-06-26 | [Dollar drops to lowest since 2021 against euro, sterling](https://feedsoft.ai/events/24414-dollar-drops-to-lowest-since-2021-against-euro-sterling.md) | -0.9% | -0.6% |
| DXY | 2026-10-21 | [Dollar dips as traders wait on Fed; Aussie gains By Reuters](https://feedsoft.ai/events/650-dollar-dips-as-traders-wait-on-fed-aussie-gains-by-reuters.md) | +0.5% | — |

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news/international/dollar-drops-to-weakest-since-august-as-traders-eye-fed-pivot/

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