# Potential for the USD to rally out of the FOMC - NAB — Octa

> NAB FX strategists said the US dollar is likely to rally hard after the FOMC decision if the Fed keeps its hawkish inflation and rate outlook despite softer data. They highlighted the 2018 dot plot and Yellen's press conference as key. NAB maintained bullish USD forecasts for H2 2017 against all majors except EUR/USD.

- Date: 2017-06-14 · published 2017-06-14T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/10201-potential-for-the-usd-to-rally-out-of-the-fomc-nab-octa
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A forecast USD rally from a hawkish Fed would strengthen the dollar and pressure dollar-priced commodities, though it is a forecast rather than a realized move.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-03-02 | [Optimism for USD – Nomura — Octa](https://feedsoft.ai/events/66194-optimism-for-usd-nomura-octa.md) | -0.6% | -0.8% |
| DXY | 2026-04-29 | [USD/CAD round-trips to 1.3690 as the post-FOMC spike fully fades](https://feedsoft.ai/events/19938-usd-cad-round-trips-to-1-3690-as-the-post-fomc-spike-fully-fades.md) | -0.1% | +0.3% |
| DXY | 2024-10-16 | [US dollar rallies on Fed outlook, potential Trump win; inflation weighs on pound](https://feedsoft.ai/events/28053-us-dollar-rallies-on-fed-outlook-potential-trump-win-inflation-weighs-on-pound.md) | +0.7% | +2.8% |
| DXY | 2017-10-31 | [USD JPY eyes potential breakout amid BoJ Fed decisions](https://feedsoft.ai/events/68681-usd-jpy-eyes-potential-breakout-amid-boj-fed-decisions.md) | -0.2% | -1.4% |
| DXY | 2021-05-28 | [USD/JPY set to retest 110 ahead of US data — Octa](https://feedsoft.ai/events/47355-usd-jpy-set-to-retest-110-ahead-of-us-data-octa.md) | -0.1% | +1.0% |

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/453593/

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