# Dollar slips as Fed's money bazooka raises hopes of easier cash supply

> The Federal Reserve announced unlimited quantitative easing and new programmes to support credit markets to address a dollar liquidity squeeze tied to coronavirus restrictions. The dollar slipped as signs emerged that tight funding conditions were easing somewhat.

- Date: 2020-03-24 · published 2020-03-24T12:00:00.000Z
- Category: macro · region US · magnitude high
- Page: https://feedsoft.ai/events/11347-dollar-slips-as-fed-s-money-bazooka-raises-hopes-of-easier-cash-supply
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Unlimited Fed asset purchases and dollar liquidity support weaken the dollar's near-term bid, which tends to support dollar-priced commodities. Feed buyers should note that a weaker dollar can lift US export competitiveness and commodity prices.

## Read by commodity

- DXY: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| DXY | 2020-03-31 | 5 | -2.4% | -3.3 | Unlimited QE and new credit programs eased the dollar liquidity squeeze, so dollar demand fell. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-12-11 | [Dollar slips to 4-month low as Fed holds rates, nixes hike hopes](https://feedsoft.ai/events/55754-dollar-slips-to-4-month-low-as-fed-holds-rates-nixes-hike-hopes.md) | -0.6% | -1.0% |
| DXY | 2026-07-29 | [Dollar slips as Fed holds rates steady \| Reuters](https://feedsoft.ai/events/8418-dollar-slips-as-fed-holds-rates-steady-reuters.md) | -0.9% | -2.0% |
| DXY | 2025-06-27 | [SK Won Rises as Dollar Slips](https://feedsoft.ai/events/24447-sk-won-rises-as-dollar-slips.md) | -0.3% | +0.3% |
| DXY | 2023-10-27 | [Dollar eases as month-end flows weigh; eyes on Fed and BOJ](https://feedsoft.ai/events/33813-dollar-eases-as-month-end-flows-weigh-eyes-on-fed-and-boj.md) | -0.9% | -3.1% |
| 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

- reuters.com: https://www.reuters.com/article/global-forex/forex-dollar-slips-as-feds-money-bazooka-raises-hopes-of-easier-cash-supply-idUSL4N2BH2AF/

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