# Fed Holds Rates as Dollar Slips | GBP, EUR & FX Market Outlook | Monfor

> The Fed held its policy rate at 3.75% to 4.00%, broadly in line with expectations. Two policymakers favoured further tightening, but Chair Kevin Warsh gave no firm commitment to a December increase, and shorter-dated Treasury yields fell afterward, leaving the dollar struggling to gain momentum.

- Date: 2026-10-29 · published 2026-10-29T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/17223-fed-holds-rates-as-dollar-slips-gbp-eur-and-fx-market-outlook-monfor
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Softer short-term yields reduce the dollar's rate advantage, which tends to weigh on the dollar index and support dollar-priced commodities such as feed grains and meal.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 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 | 2017-12-13 | [Gold jumps 1% as dollar slips on Fed rate outlook - The Business Times](https://feedsoft.ai/events/67390-gold-jumps-1-as-dollar-slips-on-fed-rate-outlook-the-business-times.md) | -0.4% | -1.8% |
| DXY | 2023-03-13 | [Dollar slides as Fed rate hike outlook tumbles after SVB collapse](https://feedsoft.ai/events/37051-dollar-slides-as-fed-rate-hike-outlook-tumbles-after-svb-collapse.md) | +0.3% | -1.6% |
| DXY | 2026-04-30 | [EUR/USD advances as ECB holds rates, Dollar softens on mixed data](https://feedsoft.ai/events/19943-eur-usd-advances-as-ecb-holds-rates-dollar-softens-on-mixed-data.md) | -0.8% | -0.1% |

## Sources

- monfor.com: https://www.monfor.com/fx-news/fed-holds-as-dollar-falters-and-sterling-steadies

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