# Dollar steady after Friday rally as investors weigh a Warsh-led Fed, commodity-linked currencies soft | MarketScreener India

> The dollar held near recent highs after a 1% Friday rally sparked by Trump's pick of Kevin Warsh as next Fed chair. Plunging precious metals and oil weighed on commodity-linked currencies, and the yen was in focus after Japan's prime minister talked up a weaker yen.

- Date: 2026-02-02 · published 2026-02-02T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/20508-dollar-steady-after-friday-rally-as-investors-weigh-a-warsh-led-fed-commodity
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Expectations of a Warsh-led Fed are seen as dollar-supportive, which pressures commodity prices and commodity-linked currencies such as the Brazilian real and Canadian dollar.

## Read by commodity

- DXY: bullish ▲
- WTI: bearish ▼
- USDJPY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-02-01 | [Dollar rises as investors back away from riskier currencies, Fed leaves rates unchanged](https://feedsoft.ai/events/49066-dollar-rises-as-investors-back-away-from-riskier-currencies-fed-leaves-rates.md) | +0.3% | +0.5% |
| DXY | 2022-11-03 | [Copper sags after Fed unnerves investors and dollar rallies \| Financial Post](https://feedsoft.ai/events/38597-copper-sags-after-fed-unnerves-investors-and-dollar-rallies-financial-post.md) | -1.0% | -4.2% |
| DXY | 2022-10-03 | [Dollar up on euro as quarter ends, commodity led currencies sink - Business & Finance - Business Recorder](https://feedsoft.ai/events/9336-dollar-up-on-euro-as-quarter-ends-commodity-led-currencies-sink-business-and.md) | -0.2% | +0.1% |
| DXY | 2023-06-23 | [Stocks fall, dollar up as investors weigh more rate hikes \| Reuters](https://feedsoft.ai/events/35674-stocks-fall-dollar-up-as-investors-weigh-more-rate-hikes-reuters.md) | +0.6% | -0.7% |
| DXY | 2017-02-17 | [Dollar Advances As Stocks Decline With Commodities \| Investors King](https://feedsoft.ai/events/72396-dollar-advances-as-stocks-decline-with-commodities-investors-king.md) | -0.2% | -0.6% |
| WTI | 2022-11-24 | [Canadian dollar steadies as investors cheer Fed’s dovish signal - Markets - Business Recorder](https://feedsoft.ai/events/38909-canadian-dollar-steadies-as-investors-cheer-fed-s-dovish-signal-markets.md) | +4.1% | -0.4% |
| WTI | 2019-09-18 | [Rand steadies as investors wait on US fed rates, stocks down - Moneyweb](https://feedsoft.ai/events/57365-rand-steadies-as-investors-wait-on-us-fed-rates-stocks-down-moneyweb.md) | -3.4% | -10.9% |
| WTI | 2022-07-19 | [Strong dollar fuels pullback in commodity markets \| Stock Market News](https://feedsoft.ai/events/40392-strong-dollar-fuels-pullback-in-commodity-markets-stock-market-news.md) | -4.9% | -12.1% |

## Sources

- in.marketscreener.com: https://in.marketscreener.com/news/dollar-steady-amid-rout-in-precious-metals-as-investors-weigh-a-fed-under-warsh-ce7e5bdddd8eff26

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