# Forex Today: Fed delivers hawkish hold, US Dollar remains under pressure

> The US Dollar Index rebounded above 96.60 after Treasury Secretary Bessent said the US has a strong-dollar policy. The index had fallen to near 95.50, a four-year low, after Trump said he was comfortable with a weaker dollar.

- Date: 2026-01-28 · published 2026-01-28T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/20966-forex-today-fed-delivers-hawkish-hold-us-dollar-remains-under-pressure
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Currency swings of this size shift the relative cost of US-priced grains and oilseeds for overseas buyers, but the move is small enough to have limited direct price impact.

## Read by commodity

- DXY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-10-29 | [US Dollar Index roils after Fed delivers expected interest rate moves](https://feedsoft.ai/events/22617-us-dollar-index-roils-after-fed-delivers-expected-interest-rate-moves.md) | +1.0% | +0.5% |
| DXY | 2024-09-18 | [Dollar gains ground after Fed delivers bumper 50 basis point rate cut](https://feedsoft.ai/events/28505-dollar-gains-ground-after-fed-delivers-bumper-50-basis-point-rate-cut.md) | -0.4% | +1.9% |
| DXY | 2017-12-01 | [FOREX-Dollar gains vs yen on US tax reform hopes but sags against euro, pound](https://feedsoft.ai/events/67699-forex-dollar-gains-vs-yen-on-us-tax-reform-hopes-but-sags-against-euro-pound.md) | +0.5% | -0.3% |
| DXY | 2023-05-12 | [Dollar keeps gains as traders bet Fed headed for a pause - Markets - Business Recorder](https://feedsoft.ai/events/36144-dollar-keeps-gains-as-traders-bet-fed-headed-for-a-pause-markets-business.md) | +0.9% | +0.3% |
| DXY | 2026-08-31 | [The Dollar Index falls through a war and a hawkish repricing](https://feedsoft.ai/events/18080-the-dollar-index-falls-through-a-war-and-a-hawkish-repricing.md) | -0.6% | +1.6% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/forex-today-fed-delivers-hawkish-hold-us-dollar-remains-under-pressure-202601282034

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