# Dollar weakens against major currencies as markets weigh tariff uncertainty

> The dollar weakened against the yen and euro on May 5 as markets weighed uncertainty over President Trump's tariff policies. The Taiwan dollar hit a record high against the greenback, and the Australian dollar rose to its highest since December.

- Date: 2025-05-05 · published 2025-05-05T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/9622-dollar-weakens-against-major-currencies-as-markets-weigh-tariff-uncertainty
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker dollar tends to support U.S. grain and oilseed export prices by making them cheaper for foreign buyers. Tariff uncertainty adds to volatility in currency-linked commodity pricing.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-01-31 | [Silent correction in rupee, even as dollar weakens against major currencies \| Money & Forex Markets - Business Standard](https://feedsoft.ai/events/67255-silent-correction-in-rupee-even-as-dollar-weakens-against-major-currencies.md) | +0.4% | +1.2% |
| DXY | 2024-10-31 | [Dollar down against major currencies - Business & Finance - Business Recorder](https://feedsoft.ai/events/28051-dollar-down-against-major-currencies-business-and-finance-business-recorder.md) | +0.7% | +1.4% |
| DXY | 2025-09-23 | [Rand defies pressure: US tariffs fail to weaken currency’s surge against the Dollar](https://feedsoft.ai/events/23181-rand-defies-pressure-us-tariffs-fail-to-weaken-currency-s-surge-against-the.md) | +0.3% | +0.9% |
| DXY | 2025-06-30 | [Dollar languishes against major peers as markets weigh trade deals, tax bill — TradingView News](https://feedsoft.ai/events/24453-dollar-languishes-against-major-peers-as-markets-weigh-trade-deals-tax-bill.md) | -0.0% | +0.8% |
| DXY | 2023-03-20 | [EMERGING MARKETS-Latam currencies rise against soft dollar \| Kitco News](https://feedsoft.ai/events/37068-emerging-markets-latam-currencies-rise-against-soft-dollar-kitco-news.md) | -0.9% | -2.2% |

## Sources

- cnbc.com: https://www.cnbc.com/2025/05/05/dollar-slips-as-taiwan-dollar-surge-sparks-revaluation-talk.html

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