# Tumbling US dollar a boon to risk assets across the globe | Reuters

> The dollar fell to a 15-month low, down nearly 13% from last year's two-decade high, after softer-than-expected US inflation data. Risk assets globally were expected to benefit as the dollar declined.

- Date: 2023-07-14 · published 2023-07-14T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/9979-tumbling-us-dollar-a-boon-to-risk-assets-across-the-globe-reuters
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A sustained dollar decline eases financial conditions for emerging markets and can lift dollar-priced commodities. Weaker dollar support is a supportive backdrop for grain and oilseed prices.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-01-25 | [Dollar slips across the board as intervention risk lifts yen \| Reuters](https://feedsoft.ai/events/10160-dollar-slips-across-the-board-as-intervention-risk-lifts-yen-reuters.md) | -0.8% | -0.8% |
| DXY | 2022-12-13 | [U.S. dollar tumbles across the board as inflation rise eases](https://feedsoft.ai/events/38150-u-s-dollar-tumbles-across-the-board-as-inflation-rise-eases.md) | -0.2% | -2.1% |
| DXY | 2024-09-19 | [Sterling rises vs dollar after Fed; BoE in focus \| Reuters](https://feedsoft.ai/events/28566-sterling-rises-vs-dollar-after-fed-boe-in-focus-reuters.md) | -0.1% | +2.1% |
| DXY | 2020-12-30 | [Australian, NZ dollars on the rise as US$ crumbles - Markets - Business Recorder](https://feedsoft.ai/events/49897-australian-nz-dollars-on-the-rise-as-us-crumbles-markets-business-recorder.md) | -0.6% | +0.4% |
| DXY | 2023-10-31 | [US dollar falls as markets believe Fed is done hiking rates \| Reuters](https://feedsoft.ai/events/11457-us-dollar-falls-as-markets-believe-fed-is-done-hiking-rates-reuters.md) | -1.4% | -2.9% |

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/tumbling-us-dollar-boon-risk-assets-across-globe-2023-07-14/

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