# Dollar falls after Fed interest rate decision

> The dollar pared early losses after the Fed raised short-term rates, as widely expected. Earlier the dollar index had hit its lowest level since November after weaker-than-expected CPI and retail sales data. Fed funds futures showed the chance of a September hike falling sharply.

- Date: 2017-06-14 · published 2017-06-14T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/10197-dollar-falls-after-fed-interest-rate-decision
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Softer US inflation and retail data reduced expectations for further rate hikes, which weighed on the dollar and cut the odds of additional tightening.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-03-16 | [Euro rises, dollar falls after ECB rate decision](https://feedsoft.ai/events/10083-euro-rises-dollar-falls-after-ecb-rate-decision.md) | -1.2% | -2.5% |
| DXY | 2019-10-31 | [Gold gains as dollar weakens after Fed's interest rate cut](https://feedsoft.ai/events/56483-gold-gains-as-dollar-weakens-after-fed-s-interest-rate-cut.md) | -0.1% | +0.8% |
| DXY | 2020-09-16 | [Fed decision September 2020: Interest rates unchanged](https://feedsoft.ai/events/51032-fed-decision-september-2020-interest-rates-unchanged.md) | +0.8% | +0.1% |
| DXY | 2026-07-29 | [Dollar Falls to One-Week Low After Fed Keeps Interest Rates Unchanged - Bloomberg](https://feedsoft.ai/events/8419-dollar-falls-to-one-week-low-after-fed-keeps-interest-rates-unchanged-bloomberg.md) | -0.9% | -2.0% |
| DXY | 2023-03-22 | [Dollar falls after Fed raises rates, indicates one more hike ahead](https://feedsoft.ai/events/36777-dollar-falls-after-fed-raises-rates-indicates-one-more-hike-ahead.md) | -1.0% | -1.5% |

## Sources

- cnbc.com: https://www.cnbc.com/2017/06/13/dollar-on-tenterhooks-as-investors-await-fed-policy-clues.html

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