# Broad basket of currencies losing ground against dollar

> Several currencies lost ground against the US dollar in early August 2018, with the euro down about 2.3 percent and the pound down over 2.5 percent since August 1. The Chinese yuan, Indian rupee and Indonesian rupiah also weakened, and the Brazilian real fell 2.9 percent. The Russian ruble, Australian dollar, New Zealand dollar and South African rand also declined.

- Date: 2018-08-13 · published 2018-08-13T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/9470-broad-basket-of-currencies-losing-ground-against-dollar
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A broad dollar rally lowers the dollar cost of imports for some feed buyers while making US exports less competitive abroad. Weaker Brazilian and Russian currencies can also pressure export prices for soy and wheat.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-03-24 | [US dollar to test 105 against basket of currencies, says analyst](https://feedsoft.ai/events/6585-us-dollar-to-test-105-against-basket-of-currencies-says-analyst.md) | -2.3% | -2.4% |
| DXY | 2017-05-18 | [Dollar spikes against major currencies](https://feedsoft.ai/events/4359-dollar-spikes-against-major-currencies.md) | -0.1% | -0.8% |
| DXY | 2022-07-29 | [The strengthening of the U.S. dollar against the Latin American currencies - Latinoamérica 21](https://feedsoft.ai/events/40785-the-strengthening-of-the-u-s-dollar-against-the-latin-american-currencies.md) | -0.2% | +0.8% |
| DXY | 2019-08-26 | [Rupee crashes below 72 mark against dollar on currency rout](https://feedsoft.ai/events/57851-rupee-crashes-below-72-mark-against-dollar-on-currency-rout.md) | +0.7% | -0.0% |
| DXY | 2020-02-21 | [Won expected to lose more ground against dollar - The Korea Times](https://feedsoft.ai/events/54823-won-expected-to-lose-more-ground-against-dollar-the-korea-times.md) | +0.1% | +6.7% |

## Sources

- aa.com.tr: https://www.aa.com.tr/en/economy/broad-basket-of-currencies-losing-ground-against-dollar/1229758

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